Article ID Journal Published Year Pages File Type
5072963 Games and Economic Behavior 2007 19 Pages PDF
Abstract

The initiating points of the current paper are the axiomatic characterizations, in terms of consistency, of the equal allocation of nonseparable cost value (by Moulin), the Shapley value (by Hart and Mas-Colell), and the prenucleolus (by Orshan). The basic axioms are the same, but three different reduced games can be used to distinguish these three solutions. The main purpose of the paper is to illustrate that besides the definitions of reduced games are different, the axiom converse consistency also plays an important role to distinguish these three solutions.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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