Solidarity within a fixed community

We study the consequences of a solidarity property that specifies how a value for cooperative games should respond if some player forfeits his productivity, i.e., becomes a null player. Nullified solidarity states that in this case either all players weakly gain together or all players weakly lose together. Combined with efficiency, the null game property, and a weak fairness property, we obtain a new characterization of the equal division value.

MoreLess

Year of publication:	2014
Authors:	Béal, Sylvain ; Casajus, André ; Huettner, Frank ; Rémila, Eric ; Solal, Philippe
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 125.2014, 3, p. 440-443
Publisher:	Elsevier
Subject:	Equal division value \| Nullified solidarity \| Weak fairness \| Population solidarity

More details

Type of publication:	Article
Classification:	C71 - Cooperative Games ; D60 - Welfare Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011116202