The balanced contributions property for equal contributors

Research output: Contribution to journalArticlepeer-review

9 Citations (Scopus)

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.

Original languageEnglish
Pages (from-to)113-124
Number of pages12
JournalGames and Economic Behavior
Volume108
DOIs
Publication statusPublished - 2018 Mar

Keywords

  • Axiomatization
  • Balanced contributions property
  • Shapley value
  • TU games

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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