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We provide a new characterization of the Shapley value neither using the efficiency axiom nor the additivity axiom. In … this characterization, efficiency is replaced by the gain-loss axiom (Einy and Haimanko, 2011, Game Econ Behav 73: 615 …. Additivity and the equal treatment axiom are substituted by fairness (van den Brink, 2001, Int J Game Theory 30: 309-319) or …
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Aguiar et al. (2018) propose the Shapley distance as a measure of the extent to which output sharing among the stakeholders of an organization can be considered unfair. It measures the distance between an arbitrary pay profile and the Shapley pay profile under a given technology, the latter...
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A well known and simple game to model markets is the glove game where worth is produced by building matching pairs. For glove games, different concepts, like the Shapley value, the restricted Shapley value or the Owen value, yield different distributions of worth. Moreover, computational effort...
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-to-poorer transfers that preserve the overall efficiency of the distribution. This transfer principle - together with the basic axioms of …
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The paper revisits the problem of wage bargaining between a firm and multiple workers. We show that the Subgame Perfect Equilibrium of the extensive-form game proposed by Stole and Zwiebel (1996a) does not imply a profile of wages and profits that coincides with the Shapley values as claimed in...
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