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One of the main issues in economics is the trade-off between marginalism and egalitarianism. In the context of cooperative games this trade-off can be framed as one of choosing to allocate according to the Shapley value or the equal division solution. In this paper we provide tools that make it...
Persistent link: https://www.econbiz.de/10010325573
player property for delta = 0. We show that efficiency, symmetry, linearity and this delta-reducing player property …
Persistent link: https://www.econbiz.de/10010326064
One of the main issues in economics is the trade-off between marginalism and egalitarianism. In the context of cooperative games this trade-off can be framed as one of choosing to allocate according to the Shapley value or the equal division solution. In this paper we provide tools that make it...
Persistent link: https://www.econbiz.de/10011372987
player property for delta = 0. We show that efficiency, symmetry, linearity and this delta-reducing player property …
Persistent link: https://www.econbiz.de/10011380928
One of the main issues in economics is the trade-off between marginalism and egalitarianism. In the context of cooperative games this trade-off can be framed as one of choosing to allocate according to the Shapley value or the equal division solution. In this paper we provide tools that make it...
Persistent link: https://www.econbiz.de/10011255779
One of the main issues in economics is the trade-off between marginalism and egalitarianism. In the context of cooperative games this trade-off can be framed as one of choosing to allocate according to the Shapley value or the equal division solution. In this paper we provide tools that make it...
Persistent link: https://www.econbiz.de/10005144455
We consider natural axioms for allocating the income of museum pass programs. Two allocation rules are characterized and are shown to coincide with the Shapley value and the equal division solution of the associated TU-game introduced by Ginsburgh and Zang (2003).
Persistent link: https://www.econbiz.de/10008543490
player property for delta = 0. We show that efficiency, symmetry, linearity and this delta-reducing player property …
Persistent link: https://www.econbiz.de/10008838630
player property for delta = 0. We show that efficiency, symmetry, linearity and this delta-reducing player property …
Persistent link: https://www.econbiz.de/10011257081
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