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We introduce the sequential equal surplus division for sharing the total welfare resulting form the cooperation of agents along a river with a delta. This allocation rule can be seen as a generalization of the contribution vectors introduced by Ju, Borm and Ruys (2007) in the context of...
Persistent link: https://www.econbiz.de/10011111841
We replace the axiom of fairness used in the characterization of the Myerson value (Myerson, 1977) by fairness for … neighbors in order to characterize the component-wise egalitarian solution. When a link is broken, fairness states the two … players incident to the link should be affected similarly while fairness for neighbors states that a player incident to the …
Persistent link: https://www.econbiz.de/10009650036