Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072963 | Games and Economic Behavior | 2007 | 19 Pages |
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.
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Authors
Chih Chang, Cheng-Cheng Hu,