Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7348776 | Economics Letters | 2018 | 9 Pages |
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
Authors
André Casajus,