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Axiomatizing the Harsanyi value, the symmetric egalitarian solution and the consistent Shapley value

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Author Info
DE CLIPPEL, Geoffroy

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Abstract

The validity of Hart (1985)'s axiomatization of the Harsanyi value is shown to depend on the regularity conditions that are imposed on the games. Following this observation, we propose two related axiomatic characterizations, one of the symmetric egalitarian solution (cf. Kalai and Samet (1985)) and one of the consistent Shapley value (cf. Maschler and Owen (1992)). The three axiomatic results are studied, evaluated and compared in details.

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Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 2002010.

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Date of creation: 00 Dec 2002
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Handle: RePEc:cor:louvco:2002010

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C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

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