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Weak addition invariance and axiomatization of the weighted Shapley value

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  • Koji Yokote

Abstract

In this paper, we give a new axiomatization of the weighted Shapley value. We investigate the asymmetric property of the value by focusing on the invariance of payoff after the change in the worths of singleton coalitions. We show that if the worths change by the same amount, then the Shapley value is invariant. On the other hand, if the worths change with multiplying by a positive weight, then the weighted Shapley value with the positive weight is invariant. Based on the invariance, we formulate a new axiom, $$\omega $$ ω -Weak Addition Invariance. We prove that the weighted Shapley value is the unique solution function which satisfies $$\omega $$ ω -Weak Addition Invariance and Dummy Player Property. In the proof, we introduce a new basis of the set of all games. The basis has two properties. First, when we express a game by a linear combination of the basis, coefficients coincide with the weighted Shapley value. Second, the basis induces the null space of the weighted Shapley value. By generalizing the new axiomatization, we also axiomatize the family of weighted Shapley values. Copyright Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Koji Yokote, 2015. "Weak addition invariance and axiomatization of the weighted Shapley value," International Journal of Game Theory, Springer;Game Theory Society, vol. 44(2), pages 275-293, May.
  • Handle: RePEc:spr:jogath:v:44:y:2015:i:2:p:275-293
    DOI: 10.1007/s00182-014-0429-7
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    References listed on IDEAS

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    1. Sylvain Béal & Eric Rémila & Philippe Solal, 2015. "Axioms of invariance for TU-games," International Journal of Game Theory, Springer;Game Theory Society, vol. 44(4), pages 891-902, November.
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    Cited by:

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    4. Sylvain Béal & Mihai Manea & Eric Rémila & Phillippe Solal, 2018. "Games With Identical Shapley Values," Working Papers 2018-03, CRESE.
    5. Takaaki Abe & Satoshi Nakada, 2018. "Generalized Potentials, Value, and Core," Discussion Paper Series DP2018-19, Research Institute for Economics & Business Administration, Kobe University.

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