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A note on the characterization of the compromise value

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  • Otten, G.J.M.
  • Borm, P.E.M.

    (Tilburg University, School of Economics and Management)

  • Tijs, S.H.

    (Tilburg University, School of Economics and Management)

Abstract

In Borm, Keiding, McLean, Oortwijn and Tijs (1992) the compromise value is introduced as a solution concept on the class of compromise admissible NTU-games. Two characterizations of the compromise value are provided on subclasses of NTU-games. This note shows that in one of these characterizations the aximos are dependent. As a result of this observation a new characterization of the compromise value is provided. Moreover, it turns out that with a small weakening of the symmetry property the axioms in the original characterization become independent. Further, it is shown that these characterizations can be extended to a larger class of NTU-games. Finally, all monotonic, Pareto optimal, and covariant values on this class of NTU-games are described.
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Otten, G.J.M. & Borm, P.E.M. & Tijs, S.H., 1994. "A note on the characterization of the compromise value," Other publications TiSEM 427966c6-367b-4902-9cd6-7, Tilburg University, School of Economics and Management.
    • Handle: RePEc:tiu:tiutis:427966c6-367b-4902-9cd6-79314a7d0e27
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