| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5059005 | Economics Letters | 2014 | 4 Pages |
â¢We study the consequences of a player becoming a null player.â¢Nullified solidarity: in this case, either all players weakly gain or all weakly lose.â¢We provide a new characterization of the equal division value.â¢It uses efficiency, the null game property, weak fairness, and nullified solidarity.
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.
