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
Institutions:	Wirtschaftswissenschafltiche Fakultät, Universität Leipzig
Subject:	solidarity \| nullifying player \| equal division value \| equal surplus division value \| desirability

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Extent:	application/pdf
Series:	Working Papers. - ISSN 1437-9384.
Type of publication:	Book / Working Paper
Notes:	Number 110
Classification:	C71 - Cooperative Games ; D60 - Welfare Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010980575