IDEAS home Printed from https://ideas.repec.org/p/tiu/tiucen/0090365c-9bab-4367-b660-5bd0994788b6.html
   My bibliography  Save this paper

An Axiomatization of the Shapley Value Using a Fairness Property

Author

Listed:
  • van den Brink, J.R.

    (Tilburg University, Center For Economic Research)

Abstract

In this paper we provide an axiomatization of the Shapley value for TU-games using a fairness property. This property states that if to a game we add another game in which two players are symmetric then their payoffs change by the same amount. We show that the Shapley value is characterized by this fairness property, efficiency and the null player property. These three axioms also characterize the Shapley value on the class of simple games.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • van den Brink, J.R., 1999. "An Axiomatization of the Shapley Value Using a Fairness Property," Discussion Paper 1999-120, Tilburg University, Center for Economic Research.
    • Handle: RePEc:tiu:tiucen:0090365c-9bab-4367-b660-5bd0994788b6
    as

    Download full text from publisher

    File URL: https://pure.uvt.nl/ws/portalfiles/portal/533991/120.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Chun, Youngsub, 1991. "On the Symmetric and Weighted Shapley Values," International Journal of Game Theory, Springer;Game Theory Society, vol. 20(2), pages 183-190.
    2. Roger B. Myerson, 1977. "Graphs and Cooperation in Games," Mathematics of Operations Research, INFORMS, vol. 2(3), pages 225-229, August.
    3. (*), Gerard van der Laan & RenÊ van den Brink, 1998. "Axiomatizations of the normalized Banzhaf value and the Shapley value," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 15(4), pages 567-582.
    4. Lehrer, E, 1988. "An Axiomatization of the Banzhaf Value," International Journal of Game Theory, Springer;Game Theory Society, vol. 17(2), pages 89-99.
    5. Haller, Hans, 1994. "Collusion Properties of Values," International Journal of Game Theory, Springer;Game Theory Society, vol. 23(3), pages 261-281.
    6. Gerard van der Laan & René van den Brink, 1998. "Axiomatization of a class of share functions for n-person games," Theory and Decision, Springer, vol. 44(2), pages 117-148, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. van den Brink, J.R., 1999. "An Axiomatization of the Shapley Value Using a Fairness Property," Other publications TiSEM 0090365c-9bab-4367-b660-5, Tilburg University, School of Economics and Management.
    2. van den Brink, Rene & van der Laan, Gerard, 2005. "A class of consistent share functions for games in coalition structure," Games and Economic Behavior, Elsevier, vol. 51(1), pages 193-212, April.
    3. Barua, Rana & Chakravarty, Satya R. & Sarkar, Palash, 2009. "Minimal-axiom characterizations of the Coleman and Banzhaf indices of voting power," Mathematical Social Sciences, Elsevier, vol. 58(3), pages 367-375, November.
    4. van den Brink, J.R. & van der Laan, G., 1999. "Potentials and Reduced Games for Share Functions," Other publications TiSEM bb166cb9-4f1c-4e52-b4b9-0, Tilburg University, School of Economics and Management.
    5. Gerard van der Laan & René van den Brink, 2002. "A Banzhaf share function for cooperative games in coalition structure," Theory and Decision, Springer, vol. 53(1), pages 61-86, August.
    6. Sylvain Béal & Amandine Ghintran & Eric Rémila & Philippe Solal, 2015. "The sequential equal surplus division for rooted forest games and an application to sharing a river with bifurcations," Theory and Decision, Springer, vol. 79(2), pages 251-283, September.
    7. Tejada, O. & Álvarez-Mozos, M., 2018. "Graphs and (levels of) cooperation in games: Two ways how to allocate the surplus," Mathematical Social Sciences, Elsevier, vol. 93(C), pages 114-122.
    8. René van den Brink & Agnieszka Rusinowska & Frank Steffen, 2013. "Measuring Power and Satisfaction in Societies with Opinion Leaders," PSE-Ecole d'économie de Paris (Postprint) hal-00756720, HAL.
    9. René van den Brink & Agnieszka Rusinowska & Frank Steffen, 2009. "Measuring Power and Satisfaction in Societies with Opinion Leaders: Dictator and Opinion Leader Properties," Tinbergen Institute Discussion Papers 09-052/1, Tinbergen Institute.
    10. Sylvain Béal & Eric Rémila & Philippe Solal, 2017. "A strategic implementation of the sequential equal surplus division rule for digraph cooperative games," Annals of Operations Research, Springer, vol. 253(1), pages 43-59, June.
    11. René Brink & Agnieszka Rusinowska & Frank Steffen, 2013. "Measuring power and satisfaction in societies with opinion leaders: an axiomatization," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 41(3), pages 671-683, September.
    12. Nicolas Andjiga & Sebastien Courtin, 2015. "Coalition configurations and share functions," Annals of Operations Research, Springer, vol. 225(1), pages 3-25, February.
    13. Gerard van der Laan & René van den Brink, 2001. "Core concepts for share vectors," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 18(4), pages 759-784.
    14. Béal, Sylvain & Rémila, Eric & Solal, Philippe, 2012. "The sequential equal surplus division for sharing a river," MPRA Paper 37346, University Library of Munich, Germany.
    15. Duygu Yengin, 2012. "Characterizing the Shapley value in fixed-route traveling salesman problems with appointments," International Journal of Game Theory, Springer;Game Theory Society, vol. 41(2), pages 271-299, May.
    16. Yan-An Hwang & Yu-Hsien Liao, 2010. "Consistency and dynamic approach of indexes," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 34(4), pages 679-694, April.
    17. van den Brink, René, 2012. "Efficiency and collusion neutrality in cooperative games and networks," Games and Economic Behavior, Elsevier, vol. 76(1), pages 344-348.
    18. En-Cheng Chi & Yu-Hsien Liao, 2021. "Sustainable Usability Distribution Mechanisms under Multi-Attribute Sports Management Schemes," Sustainability, MDPI, vol. 13(3), pages 1-16, February.
    19. Yu-Hsien Liao, 2023. "Power Indices under Specific Multicriteria Status," Games, MDPI, vol. 14(4), pages 1-10, June.
    20. Palestini, Arsen & Pignataro, Giuseppe, 2016. "A graph-based approach to inequality assessment," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 455(C), pages 65-78.

    More about this item

    Keywords

    TU-game; Shapley value; fairness; simple games;
    All these keywords.

    JEL classification:

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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tiu:tiucen:0090365c-9bab-4367-b660-5bd0994788b6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Richard Broekman (email available below). General contact details of provider: http://center.uvt.nl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.