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use efficiency which is not satisfied by the Banzhaf value. On the other hand, the Banzhaf value satisfies collusion … these axioms characterize the equal division solution. Further, we show that there is no solution that satisfies efficiency …, collusion neutrality and the null player property. Finally, we show that a solution satisfies efficiency, collusion neutrality …
Persistent link: https://www.econbiz.de/10010325938
use efficiency which is not satisfied by the Banzhaf value. On the other hand, the Banzhaf value satisfies collusion … these axioms characterize the equal division solution. Further, we show that there is no solution that satisfies efficiency …, collusion neutrality and the null player property. Finally, we show that a solution satisfies efficiency, collusion neutrality …
Persistent link: https://www.econbiz.de/10011378796
various axiomatizations of these solutions can be found. Axiomatizations of the Shapley value often use efficiency which is … the equal division solution. Further, we show that there is no solution that satisfies efficiency, collusion neutrality … and the null player property. Finally, we show that a solution satisfies efficiency, collusion neutrality and linearity if …
Persistent link: https://www.econbiz.de/10011256444
the Shapley value satisfying efficiency and the Banzhaf value satisfying collusion neutrality. Both properties seem to be … desirable. In this paper, we show that there is no solution satisfying efficiency, collusion neutrality and the null player … property. After that we show that this impossibility is resolved when cooperation among players is restricted by a cycle …
Persistent link: https://www.econbiz.de/10010664598
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...
Persistent link: https://www.econbiz.de/10010211890
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 … player axiom. -- Shapley value ; gain-loss axiom ; differential marginality ; efficiency ; additivity …
Persistent link: https://www.econbiz.de/10009680709
equity. This paper introduces three ways to consider efficiency and equity simultaneously. The first method, inspired by Kant …
Persistent link: https://www.econbiz.de/10011608505
core stability of chain stable networks, (iii) the efficiency of chain stable networks, (iv) the existence of a group …
Persistent link: https://www.econbiz.de/10010270419
sufficient conditions for efficiency in terms of cyclical monotonicity. The n-player group version always yields efficiency. …
Persistent link: https://www.econbiz.de/10010279529
specific attention to the efficiency, sustainability, and fairness of solutions to this model. We compare and contrast both …
Persistent link: https://www.econbiz.de/10010491360