Consistency for the additive efficient normalization of semivalues
AbstractThis paper contributes to consistency for the additive efficient normalization of semivalues. Motivated from the additive efficient normalization of a semivalue being a B-revision of the Shapley value, we introduce the B-reduced game which is an extension of Sobolev’s reduced game. Then the additive efficient normalization of a semivalue is axiomatized as the unique value satisfying covariance, symmetry, and B-consistency. Furthermore, by means of the path-independently linear consistency together with the standardness for two-person games, the additive efficient normalization of semivalues is also characterized. Accessorily, the additive efficient normalization of semivalues is directly verified as the linear consistent least square values (see Ruiz et al., 1998).
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Bibliographic InfoArticle provided by Elsevier in its journal European Journal of Operational Research.
Volume (Year): 224 (2013)
Issue (Month): 3 ()
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Web page: http://www.elsevier.com/locate/eor
Game theory; Additive efficient normalization of semivalues; Shapley value; B-consistency; Linear consistency;
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