Networks and outside options

@article{Casajus2009NetworksAO,
  title={Networks and outside options},
  author={Andr{\'e} Casajus},
  journal={Social Choice and Welfare},
  year={2009},
  volume={32},
  pages={1-13}
}
We introduce and characterize a component efficient value for TU games with a cooperation structure which in contrast to the Myerson (1977, Math. Operations Res. 2: 225—229) value accounts for outside options. It is based on the idea that the distribution of the worth within a component should be consistent with some connected graph which reflects the outside options of the component’s players. Journal of Economic Literature Classification Number: C71. 

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