Showing 1 - 10 of 56
In 1985 Aumann axiomatized the Shapley NTU value by non-emptiness, efficiency, unanimity, scale covariance, conditional additivity, and independence of irrelevant alternatives. We show that, when replacing unanimity by “unanimity for the grand coalition” and translation covariance, these...
Persistent link: https://www.econbiz.de/10011049721
On several classes of n-person NTU games that have at least one Shapley NTU value, Aumann characterized this solution by six axioms: Non-emptiness, efficiency, unanimity, scale covariance, conditional additivity, and independence of irrelevant alternatives (IIA). Each of the first five axioms is...
Persistent link: https://www.econbiz.de/10009506430
Persistent link: https://www.econbiz.de/10011554674
Persistent link: https://www.econbiz.de/10011447940
Persistent link: https://www.econbiz.de/10012801358
Persistent link: https://www.econbiz.de/10011697712
Persistent link: https://www.econbiz.de/10011982862
Persistent link: https://www.econbiz.de/10012031176
Persistent link: https://www.econbiz.de/10011780975
Persistent link: https://www.econbiz.de/10011532996