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On axiomatizations of the weighted Shapley values

Author

Listed:
  • Nowak, A.S.
  • Radzik, T.

Abstract

The family of weighted Shapley values for cooperative n-person transferable utility games is studied. We assume first that the weights of the players are given exogenously and provide two axiomatic characterizations of the corresponding weighted Shapley value. Our first characterization is based on the classical axioms determining the Shapley value with the symmetry axiom replaced by a new postulate called the [omega]-mutual dependence. In our second axiomatization we use among other things the strong monotonicity property of Young (1985, Int. J. Game Theory 14, 65-72). Finally, we give a new axiomatic characterization of the family of all weighted Shapley values. Journal of Economic Literature Classification Number: C71, D46.

Suggested Citation

  • Nowak, A.S. & Radzik, T., 1995. "On axiomatizations of the weighted Shapley values," Games and Economic Behavior, Elsevier, vol. 8(2), pages 389-405.
  • Handle: RePEc:eee:gamebe:v:8:y:1995:i:2:p:389-405
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    References listed on IDEAS

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    1. Monderer, Dov & Samet, Dov & Shapley, Lloyd S, 1992. "Weighted Values and the Core," International Journal of Game Theory, Springer;Game Theory Society, vol. 21(1), pages 27-39.
    2. Hart, Sergiu & Mas-Colell, Andreu, 1989. "Potential, Value, and Consistency," Econometrica, Econometric Society, vol. 57(3), pages 589-614, May.
    3. 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.
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    Citations

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    Cited by:

    1. David Housman, 2002. "Linear and symmetric allocation methods for partially defined cooperative games," International Journal of Game Theory, Springer;Game Theory Society, vol. 30(3), pages 377-404.
    2. Haeringer, Guillaume, 2006. "A new weight scheme for the Shapley value," Mathematical Social Sciences, Elsevier, vol. 52(1), pages 88-98, July.
    3. Conklin, Michael & Powaga, Ken & Lipovetsky, Stan, 2004. "Customer satisfaction analysis: Identification of key drivers," European Journal of Operational Research, Elsevier, vol. 154(3), pages 819-827, May.
    4. repec:spr:jogath:v:46:y:2017:i:2:d:10.1007_s00182-016-0536-8 is not listed on IDEAS
    5. Calvo, Emilio & Gutiérrez-López, Esther, 2014. "Axiomatic characterizations of the weighted solidarity values," Mathematical Social Sciences, Elsevier, vol. 71(C), pages 6-11.
    6. repec:spr:compst:v:45:y:1997:i:1:p:109-118 is not listed on IDEAS
    7. Besner, Manfred, 2017. "Axiomatizations of the proportional Shapley value," MPRA Paper 82990, University Library of Munich, Germany.
    8. Kranich, Laurence, 1997. "Cooperative Games with Hedonic Coalitions," Games and Economic Behavior, Elsevier, vol. 18(1), pages 83-97, January.
    9. repec:kap:theord:v:82:y:2017:i:4:d:10.1007_s11238-016-9576-6 is not listed on IDEAS
    10. Calleja, Pere & Llerena Garrés, Francesc, 2016. "Consistency distinguishes the (weighted) Shapley value, the (weighted) surplus division value and the prenucleolus," Working Papers 2072/266577, Universitat Rovira i Virgili, Department of Economics.
    11. Radzik, Tadeusz, 2012. "A new look at the role of players’ weights in the weighted Shapley value," European Journal of Operational Research, Elsevier, vol. 223(2), pages 407-416.
    12. Tadeusz Radzik & Andrzej Nowak & Theo Driessen, 1997. "Weighted Banzhaf values," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 45(1), pages 109-118, February.
    13. Welter, Dominik & Napel, Stefan, 2016. "Responsibility-based allocation of cartel damages," Annual Conference 2016 (Augsburg): Demographic Change 145886, Verein für Socialpolitik / German Economic Association.
    14. Besner, Manfred, 2017. "Weighted Shapley levels values," MPRA Paper 82978, University Library of Munich, Germany.
    15. Casajus, André & Huettner, Frank, 2014. "Weakly monotonic solutions for cooperative games," Journal of Economic Theory, Elsevier, vol. 154(C), pages 162-172.
    16. Marcin Malawski, 2002. "Equal treatment, symmetry and Banzhaf value axiomatizations," International Journal of Game Theory, Springer;Game Theory Society, vol. 31(1), pages 47-67.

    More about this item

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory

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