An Axiomatization of the Shapley Value Using a Fairness Property.

In this paper we provide an axiomatization of the Shapley value for TU-games using a fairness property. This property states that if to a game we add another game in which two players are symmetric then their payoofs change by the same amount. We show that the Shapley value is characterized by this fairness property, efficiency and the null player property.

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Year of publication:	1999
Authors:	van den Brink, R.
Institutions:	CentER for Economic Research, Universiteit van Tilburg
Subject:	GAME THEORY

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Series:	Tilburg - Center for Economic Research.
Type of publication:	Book / Working Paper
Notes:	27 pages
Classification:	C71 - Cooperative Games
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005618576