Article ID Journal Published Year Pages File Type
7352923 Games and Economic Behavior 2018 24 Pages PDF
Abstract
We introduce a new axiom, which we term the balanced contributions property for equal contributors. This axiom is defined by restricting the requirement of the balanced contributions property (Myerson, 1980) to two players whose contributions to the grand coalition are the same. We prove that this axiom, together with efficiency and weak covariance, characterizes a new class of solutions, termed the r-egalitarian Shapley values. This class subsumes many variants of the Shapley value, e.g., the egalitarian Shapley values and the discounted Shapley values. Our characterization provides a new axiomatic foundation for analyzing variants of the Shapley value in a unified manner.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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