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In this paper we introduce a new class of cooperative games. We define a characteristic function over the cycles of a digraph. We present a mathematical model for this situation and an axiomatic characterization of a solution for this class of cooperative games. This is introduced as a method to...
Persistent link: https://www.econbiz.de/10010883242
The Gini coefficient or index is perhaps one of the most used indicators of social and economic conditions. In this paper we characterize the Gini index as the unique function that satisfies the properties of scale invariance, symmetry, proportionality and convexity in similar rankings....
Persistent link: https://www.econbiz.de/10009647404
In this paper we study an expression for all additive, symmetric and efficient solutions, i.e., the set of axioms that traditionally are used to characterize the Shapley value except for the dummy axiom. Also, we obtain an expression for this kind of solutions by including the self duality...
Persistent link: https://www.econbiz.de/10010630415