Article ID Journal Published Year Pages File Type
7349023 Economics Letters 2018 5 Pages PDF
Abstract
In this paper, we propose two axioms based on the idea of fair distribution of surplus. We prove that these two axioms uniquely determine an efficient extension of the Myerson value. Moreover, we also show that another efficient extension of the Myerson value, the efficient egalitarian Myerson value, can be characterized with one of our axioms and the fair distribution of surplus axiom.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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