Article ID Journal Published Year Pages File Type
957150 Journal of Economic Theory 2006 13 Pages PDF
Abstract

We propose a new solution concept to address the problem of sharing a surplus among the agents generating it. The problem is formulated in the preferences-endowments space. The solution is defined recursively, incorporating notions of consistency and fairness and relying on properties satisfied by the Shapley value for transferable utility (TU)(TU) games. We show a solution exists, and call it the ordinal Shapley value (OSV)(OSV). We characterize the OSVOSV using the notion of coalitional dividends, and furthermore show it is monotone and anonymous.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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