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Young's axiomatization of the Shapley value - a new proof

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  • Pintér, Miklós

Abstract

We give a new proof of Young's characterization of the Shapley value. Moreover, as applications of the new proof, we show that Young's axiomatization of the Shapley value is valid on various well-known subclasses of TU games.

Suggested Citation

  • Pintér, Miklós, 2015. "Young's axiomatization of the Shapley value - a new proof," Corvinus Economics Working Papers (CEWP) 2015/07, Corvinus University of Budapest.
    • Handle: RePEc:cvh:coecwp:2015/07
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    File URL: https://unipub.lib.uni-corvinus.hu/1891/
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    More about this item

    Keywords

    TU games; Shapley value; Young's axiomatization;
    All these keywords.

    JEL classification:

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

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