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The Shapley value without efficiency and additivity

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  • Casajus, André

Abstract

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), i.e., whenever the total worth generated does not change, a player can only gain at the expense of another one. Additivity and the equal treatment axiom are substituted by fairness (van den Brink, 2001) or differential marginality (Casajus, 2011), where the latter requires equal productivity differentials of two players to translate into equal payoff differentials. The third axiom of our characterization is the standard dummy player axiom.

Suggested Citation

  • Casajus, André, 2014. "The Shapley value without efficiency and additivity," Mathematical Social Sciences, Elsevier, vol. 68(C), pages 1-4.
    • Handle: RePEc:eee:matsoc:v:68:y:2014:i:c:p:1-4
    DOI: 10.1016/j.mathsocsci.2013.12.001
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    References listed on IDEAS

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    1. Sylvain Béal & Eric Rémila & Philippe Solal, 2015. "Axioms of invariance for TU-games," International Journal of Game Theory, Springer;Game Theory Society, vol. 44(4), pages 891-902, November.
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    Cited by:

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    4. Takaaki Abe & Satoshi Nakada, 2019. "The weighted-egalitarian Shapley values," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 52(2), pages 197-213, February.
    5. Takaaki Abe & Satoshi Nakada, 2023. "Core stability of the Shapley value for cooperative games," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 60(4), pages 523-543, May.
    6. Giulia Bernardi & Josep Freixas, 2018. "The Shapley value analyzed under the Felsenthal and Machover bargaining model," Public Choice, Springer, vol. 176(3), pages 557-565, September.
    7. Bernardi Mauro & Roy Cerqueti & Arsen Palestini, 2016. "Allocation of risk capital in a cost cooperative game induced by a modified Expected Shortfall," Papers 1608.02365, arXiv.org.
    8. Ritu Dutta & Rajnish Kumnar & Surajit Borkotokey, 2023. "How to choose a Compatible Committee?," Papers 2308.03507, arXiv.org.
    9. Pedro Calleja & Francesc Llerena, 2019. "Path monotonicity, consistency and axiomatizations of some weighted solutions," International Journal of Game Theory, Springer;Game Theory Society, vol. 48(1), pages 287-310, March.

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