Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7352931 | Games and Economic Behavior | 2018 | 5 Pages |
Abstract
The paper shows that Shapley's axiomatic characterization of his value can be strengthened considerably. Indeed, his additivity axiom can be replaced by a simple accounting property whereby a player's payoff is the difference of a reward based on the worth of coalitions to which she belongs, and a tax based on the worth of coalition to which she does not belong, without placing any restriction whatsoever on the functional relationship between the reward or the tax and the worths that determine them.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Geoffroy de Clippel,