Showing 1 - 10 of 10,123
surplus division value is pinpointed to one axiom. Moreover, we shed light on solidarity principles embodied in the equal …
Persistent link: https://www.econbiz.de/10010980575
We provide new characterisations of the equal surplus division value. This way, the difference between the Shapley value, the equal surplus division value, and the equal division value is pinpointed to one axiom.
Persistent link: https://www.econbiz.de/10010743700
characterization, the null player property indicates the absence of solidarity among the players. First, we replace the null player …-negative. Second, the equal treatment property is strengthened into desirability. This way, we obtain a new characterization of the …
Persistent link: https://www.econbiz.de/10010310158
characterization, the null player property indicates the absence of solidarity among the players. First, we replace the null player …-negative. Second, the equal treatment property is strengthened into desirability. This way, we obtain a new characterization of the …
Persistent link: https://www.econbiz.de/10010980564
Persistent link: https://www.econbiz.de/10010395202
economically sound, i.e., for which the values satisfy desirability and positivity. Put differently, we indicate requirements on … fair taxation in TU games by which solidarity among players is expressed. …
Persistent link: https://www.econbiz.de/10010309488
economically sound, i.e., for which the values satisfy desirability and positivity. Put differently, we indicate requirements on … fair taxation in TU games by which solidarity among players is expressed. …
Persistent link: https://www.econbiz.de/10010954232
We characterize the equal division value, the equal surplus division value, and the class of their affine combinations for TU-games involving equal loss under separatorization. This axiom requires that, if a player becomes a dummifying player (Casajus and Huettner, in Economics Letters 122(2):...
Persistent link: https://www.econbiz.de/10012427143
We characterize the equal division value, the equal surplus division value, and the class of their affine combinations for TU-games involving equal loss under separatorization. This axiom requires that, if a player becomes a dummifying player (Casajus and Huettner, in Economics Letters 122(2):...
Persistent link: https://www.econbiz.de/10012251373
We study the consequences of a solidarity property that specifies how a value for cooperative games should respond if … some player forfeits his productivity, i.e., becomes a null player. Nullified solidarity states that in this case either …
Persistent link: https://www.econbiz.de/10011116202