Article ID Journal Published Year Pages File Type
7348776 Economics Letters 2018 9 Pages PDF
Abstract
We revisit Young's (Young, 1985) characterization of the Shapley value by efficiency, symmetry, and marginality/strong monotonicity. In particular, we suggest a relaxation of symmetry called sign symmetry. While symmetry requires equally productive players to obtain the same payoffs, sign symmetry only requires their payoffs to have the same sign. It turns out that sign symmetry can take the place of symmetry in Young's characterization.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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