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Nullifying vs. dummifying players or nullified vs. dummified players: The difference between the equal division value and the equal surplus division value

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Author Info

  • Casajus, André
  • Hüttner, Frank

Abstract

We provide new characterizations of the equal surplus division value and the equal division value as well as of the class of their convex mixtures. This way, the difference between the Shapley value, the equal division value, and the equal surplus division value is pinpointed to one axiom. Moreover, we shed light on solidarity principles embodied in the equal division value and in the equal surplus division values. --

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Bibliographic Info

Paper provided by University of Leipzig, Faculty of Economics and Management Science in its series Working Papers with number 110.

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Date of creation: 2012
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Handle: RePEc:zbw:leiwps:110

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Related research

Keywords: solidarity; nullifying player; equal division value; equal surplus division value; desirability;

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  1. Ronald Ian McKinnon & Gunther Schnabl, 2008. "China’s Exchange Rate Impasse and the Weak U.S. Dollar," CESifo Working Paper Series 2386, CESifo Group Munich.
  2. Bretschger, Lucas & Steger, Thomas, 2013. "Globalization, The Volatility Of Intermediate Goods Prices, And Economic Growth," Macroeconomic Dynamics, Cambridge University Press, vol. 17(02), pages 402-430, March.
  3. Grossmann, Volker & Steger, Thomas M. & Trimborn, Timo, 2013. "The macroeconomics of TANSTAAFL," Journal of Macroeconomics, Elsevier, vol. 38(PA), pages 76-85.
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Cited by:
  1. Sylvain Béal & Eric Rémila & Philippe Solal, 2013. "Preserving or removing special players: what keeps your payoff unchanged in TU-games?," Working Papers 2013-09, CRESE.

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