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Coalitional surplus desirability and the equal surplus division value

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  • Hu, Xun-Feng

Abstract

In this paper, we propose axiomatic results with two variations of the recent coalitional desirability axiom (Beal et al., 2019), respectively named as coalitional surplus desirability and average coalitional surplus desirability. Particularly, we show that while the first variation is incompatible with the well-known efficiency axiom, the second variation is characteristic for the equal surplus division value, together with the well-known efficiency and additivity axioms.

Suggested Citation

  • Hu, Xun-Feng, 2019. "Coalitional surplus desirability and the equal surplus division value," Economics Letters, Elsevier, vol. 179(C), pages 1-4.
    • Handle: RePEc:eee:ecolet:v:179:y:2019:i:c:p:1-4
    DOI: 10.1016/j.econlet.2019.03.005
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    More about this item

    Keywords

    TU game; Equal division value; Equal surplus division value; Coalitional desirability; Coalitional surplus desirability;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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