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An axiomatization of the Shapley value using a fairness property

Author

Listed:
  • René van den Brink

    () (Department of Econometrics, Free University, De Boelelaan 1105, 1081 HV Amsterdam, The Netherlands Revised August 2001)

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.

Suggested Citation

  • René van den Brink, 2002. "An axiomatization of the Shapley value using a fairness property," International Journal of Game Theory, Springer;Game Theory Society, vol. 30(3), pages 309-319.
  • Handle: RePEc:spr:jogath:v:30:y:2002:i:3:p:309-319
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    References listed on IDEAS

    as
    1. Lehrer, E, 1988. "An Axiomatization of the Banzhaf Value," International Journal of Game Theory, Springer;Game Theory Society, vol. 17(2), pages 89-99.
    2. Haller, Hans, 1994. "Collusion Properties of Values," International Journal of Game Theory, Springer;Game Theory Society, vol. 23(3), pages 261-281.
    3. 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.
    4. 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.
    5. (*), 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.
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    Citations

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    Cited by:

    1. Di Giannatale, Paolo & Passarelli, Francesco, 2013. "Voting chances instead of voting weights," Mathematical Social Sciences, Elsevier, vol. 65(3), pages 164-173.
    2. Laszlo A. Koczy & Miklos Pinter, 2011. "The men who weren't even there: Legislative voting with absentees," IEHAS Discussion Papers 1129, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
    3. René Brink & Frank Steffen, 2012. "Axiomatizations of a positional power score and measure for hierarchies," Public Choice, Springer, vol. 151(3), pages 757-787, June.
    4. Márkus, Judit & Pintér, Miklós & Radványi, Anna, 2011. "The Shapley value for airport and irrigation games," MPRA Paper 30031, University Library of Munich, Germany.
    5. Selçuk, O., 2014. "Structural restrictions in cooperation," Other publications TiSEM 0da8d0d3-08c2-4f86-92a1-3, Tilburg University, School of Economics and Management.
    6. René Brink & Yukihiko Funaki, 2009. "Axiomatizations of a Class of Equal Surplus Sharing Solutions for TU-Games," Theory and Decision, Springer, vol. 67(3), pages 303-340, September.
    7. repec:spr:annopr:v:261:y:2018:i:1:d:10.1007_s10479-017-2627-8 is not listed on IDEAS
    8. René Brink & Youngsub Chun, 2012. "Balanced consistency and balanced cost reduction for sequencing problems," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 38(3), pages 519-529, March.
    9. Yokote, Koji & Funaki, Yukihiko & Kamijo, Yoshio, 2016. "A new basis and the Shapley value," Mathematical Social Sciences, Elsevier, vol. 80(C), pages 21-24.
    10. Harald Wiese, 2012. "Values with exogenous payments," Theory and Decision, Springer, vol. 72(4), pages 485-508, April.
    11. André Casajus, 2011. "Marginality, differential marginality, and the Banzhaf value," Theory and Decision, Springer, vol. 71(3), pages 365-372, September.
    12. André Casajus, 2011. "Differential marginality, van den Brink fairness, and the Shapley value," Theory and Decision, Springer, vol. 71(2), pages 163-174, August.
    13. Suzuki, T., 2015. "Solutions for cooperative games with and without transferable utility," Other publications TiSEM 9bd876f2-c055-4d01-95f0-c, Tilburg University, School of Economics and Management.
    14. Oishi, Takayuki & Nakayama, Mikio & Hokari, Toru & Funaki, Yukihiko, 2016. "Duality and anti-duality in TU games applied to solutions, axioms, and axiomatizations," Journal of Mathematical Economics, Elsevier, vol. 63(C), pages 44-53.
    15. Pierre Dehez, 2011. "Allocation of fixed costs: characterization of the (dual) weighted Shapley value," Working Papers of BETA 2011-03, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.

    More about this item

    Keywords

    TU-game · Shapley value · fairness · simple games.;

    JEL classification:

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

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