Nullifying vs. dummifying players or nullified vs. dummified players: The difference between the equal division value and the equal surplus division value

We provide new characterizations of the equal surplus division value and the equal division value as well as of the class of their convex mixtures. This way, the difference between the Shapley value, the equal division value, and the equal surplus division value is pinpointed to one axiom. Moreover, we shed light on solidarity principles embodied in the equal division value and in the equal surplus division values.

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Year of publication:	2012
Authors:	Casajus, André ; Hüttner, Frank
Publisher:	Leipzig : Universität Leipzig, Wirtschaftswissenschaftliche Fakultät
Subject:	solidarity \| nullifying player \| equal division value \| equal surplus division value \| desirability

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Series:	Working Paper ; 110
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	719969506 [GVK] hdl:10419/60100 [Handle] RePEc:zbw:leiwps:110 [RePEc]
Classification:	C71 - Cooperative Games ; D60 - Welfare Economics. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010309489