Axiomatizations of the conjunctive permission value for games with permission structures

A situation in which players can generate certain payoffs by cooperating can be described by a cooperative game with transferable utilities: In this paper we assume that the players who participate in such a game are part of some permission structure. This means there are players who need permission from one or more other players before they can act or cooperate. It is clear that such a permission structure limits the possibilities of cooperation. We give axiomatic characterizations of the Shapley value of a game that is derived from the original game taking account of these limited cooperation possibilities. Journal of Economic Literature Classification Number: C71. (C) 1996 Academic Press, Inc.