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We introduce new axioms for the class of all TU-games with a fixed but arbitrary player set, which require either invariance of an allocation rule or invariance of the payoff assigned by an allocation rule to a specified subset of players in two related TU-games. Comparisons with other axioms...
Persistent link: https://www.econbiz.de/10011109081
In this article, we provide a new basis for the kernel of the Shapley value (Shapley, 1953), which is used to construct a new axiom of invariance, and to provide a new axiomatic characterization of the Shapley value. This characterization only invokes marginalistic principles, and does not rely...
Persistent link: https://www.econbiz.de/10010945583
The axiom of Balanced collective contributions is introduced as a collective variant of the axiom of Balanced contributions proposed by Myerson (1980). It requires that the identical average impact of the withdrawal of any agent from a game on the remaining population. It turns out that Balanced...
Persistent link: https://www.econbiz.de/10010945584
This article studies values for cooperative games with transferable utility. Numerous such values can be characterized by axioms of associated consistency, which require that a value is invariant under some parametrized linear transformation on the vector space of cooperative games with...
Persistent link: https://www.econbiz.de/10011227973
We consider natural axioms for allocating the income of museum pass programs. Two allocation rules are characterized and are shown to coincide with the Shapley value and the equal division solution of the associated TU-game introduced by Ginsburgh and Zang (2003).
Persistent link: https://www.econbiz.de/10008543490
We consider communication situations games being the combination of a TU-game and a communication graph. We study the average tree (AT) solutions introduced by Herings \sl et al. [9] and [10]. The AT solutions are defined with respect to a set, say T, of rooted spanning trees of the...
Persistent link: https://www.econbiz.de/10008518103
We introduce new axioms for the class of all TU-games with a fixed but arbitrary player set, which require either invariance of an allocation rule or invariance of the payoff assigned by an allocation rule to a specified subset of players in two related TU-games. Comparisons with other axioms...
Persistent link: https://www.econbiz.de/10010587846