The Shapley Value as Aircraft Landing Fees--Revisited
We examine the axiomatic basis of the Shapley value when applied to the problem of allocating the cost of a runway among different-sized users. Our approach is to begin with a model of airport-problems and then to list---within the model---certain natural properties which an allocation ought to satisfy. It is shown that these lead uniquely to the Shapley value.
Volume (Year): 28 (1982)
Issue (Month): 8 (August)
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