IDEAS home Printed from https://ideas.repec.org/p/wap/wpaper/2120.html

A Characterization of the Shapley Value based on “Equal Excess"

Author

Listed:
  • Shin Kobayashi

    (Graduate School of Economics, Waseda University, 1-6-1 Nishiwaseda Shinjuku-ku, Tokyo 169-8050, Japan.)

Abstract

We examine the relationship between the Shapley value and the excess. Defining the excess of player i by summing up the excesses of all the coalitions to which i belongs, we introduce a condition equal excess. Using this condition, we prove that the Shapley value is characterized as a value satisfying the equal excess with respect to a reasonable weight function. This implies that the Shapley value attains the greatest benefits of the least advantaged players.

Suggested Citation

  • Shin Kobayashi, 2021. "A Characterization of the Shapley Value based on “Equal Excess"," Working Papers 2120, Waseda University, Faculty of Political Science and Economics.
    • Handle: RePEc:wap:wpaper:2120
    as

    Download full text from publisher

    File URL: https://www.waseda.jp/fpse/winpec/assets/uploads/2021/12/E2120_version.pdf
    File Function: First version,
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. SCHMEIDLER, David, 1969. "The nucleolus of a characteristic function game," LIDAM Reprints CORE 44, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. Morton Davis & Michael Maschler, 1965. "The kernel of a cooperative game," Naval Research Logistics Quarterly, John Wiley & Sons, vol. 12(3), pages 223-259, September.
    3. McQuillin, Ben & Sugden, Robert, 2018. "Balanced externalities and the Shapley value," Games and Economic Behavior, Elsevier, vol. 108(C), pages 81-92.
    4. Martin J. Osborne & Ariel Rubinstein, 1994. "A Course in Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262650401, December.
    5. Yoshio Kamijo & Takumi Kongo, 2010. "Axiomatization of the Shapley value using the balanced cycle contributions property," International Journal of Game Theory, Springer;Game Theory Society, vol. 39(4), pages 563-571, October.
    6. Ruiz, Luis M. & Valenciano, Federico & Zarzuelo, Jose M., 1998. "The Family of Least Square Values for Transferable Utility Games," Games and Economic Behavior, Elsevier, vol. 24(1-2), pages 109-130, July.
    7. Yokote, Koji & Funaki, Yukihiko & Kamijo, Yoshio, 2017. "Coincidence of the Shapley value with other solutions satisfying covariance," Mathematical Social Sciences, Elsevier, vol. 89(C), pages 1-9.
    8. de Clippel, Geoffroy, 2018. "Membership separability: A new axiomatization of the Shapley value," Games and Economic Behavior, Elsevier, vol. 108(C), pages 125-129.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Doudou Gong & Bas Dietzenbacher & Hans Peters, 2024. "One-bound core games," International Journal of Game Theory, Springer;Game Theory Society, vol. 53(3), pages 859-878, September.
    2. Panfei Sun & Dongshuang Hou & Hao Sun, 2022. "Optimization implementation of solution concepts for cooperative games with stochastic payoffs," Theory and Decision, Springer, vol. 93(4), pages 691-724, November.
    3. H. Andrew Michener & Daniel J. Myers, 1998. "Probabilistic Coalition Structure Theories," Journal of Conflict Resolution, Peace Science Society (International), vol. 42(6), pages 830-860, December.
    4. Robert P. Gilles & Lina Mallozzi, 2025. "Gately values of cooperative games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 79(3), pages 723-758, May.
    5. Maria Montero & Alex Possajennikov, 2021. "An Adaptive Model of Demand Adjustment in Weighted Majority Games," Games, MDPI, vol. 13(1), pages 1-17, December.
    6. Xia Zhang & René van den Brink & Arantza Estévez-Fernández, 2025. "The Prekernel of Cooperative Games with $$\alpha $$ α -Excess," Journal of Optimization Theory and Applications, Springer, vol. 206(3), pages 1-17, September.
    7. Bahel, Eric & Trudeau, Christian & Wang, Haoyu, 2026. "Preconvex games," Games and Economic Behavior, Elsevier, vol. 155(C), pages 250-266.
    8. Stefano Moretti & Fioravante Patrone & Ariel Dinar & Safwat Abdel-Dayem, 2016. "Sharing the Costs of Complex Water Projects: Application to the West Delta Water Conservation and Irrigation Rehabilitation Project, Egypt," Games, MDPI, vol. 7(3), pages 1-23, July.
    9. Zsófia Dornai & Miklós Pintér, 2025. "Characterizations of the $$\textbf{u}$$ u -prenucleolus by dually- $$\textbf{u}$$ u -essential coalitions," Annals of Operations Research, Springer, vol. 349(3), pages 1575-1607, June.
    10. Michel Grabisch & Agnieszka Rusinowska, 2020. "k -additive upper approximation of TU-games," PSE-Ecole d'économie de Paris (Postprint) halshs-02860802, HAL.
    11. Thijssen, J.J.J., 2003. "Investment under uncertainty, market evolution and coalition spillovers in a game theoretic perspective," Other publications TiSEM 672073a6-492e-4621-8d4a-0, Tilburg University, School of Economics and Management.
    12. Pedro Calleja & Francesc Llerena & Peter Sudhölter, 2020. "Monotonicity and Weighted Prenucleoli: A Characterization Without Consistency," Mathematics of Operations Research, INFORMS, vol. 45(3), pages 1056-1068, August.
    13. Holger I. Meinhardt, 2024. "On the Replication of the Pre-kernel and Related Solutions," Computational Economics, Springer;Society for Computational Economics, vol. 64(2), pages 871-946, August.
    14. Meinhardt, Holger Ingmar, 2021. "Disentangle the Florentine Families Network by the Pre-Kernel," MPRA Paper 106482, University Library of Munich, Germany.
    15. Toru Hokari & Yukihiko Funaki & Peter Sudhölter, 2020. "Consistency, anonymity, and the core on the domain of convex games," Review of Economic Design, Springer;Society for Economic Design, vol. 24(3), pages 187-197, December.
    16. Yokote, Koji & Kongo, Takumi & Funaki, Yukihiko, 2018. "The balanced contributions property for equal contributors," Games and Economic Behavior, Elsevier, vol. 108(C), pages 113-124.
    17. Klijn, F. & Slikker, M. & Tijs, S.H. & Zarzuelo, J., 1998. "Characterizations of the Egalitarian Solution for Convex Games," Discussion Paper 1998-33, Tilburg University, Center for Economic Research.
    18. Calleja, Pedro & Llerena, Francesc & Sudhölter, Peter, 2021. "Axiomatizations of Dutta-Ray’s egalitarian solution on the domain of convex games," Journal of Mathematical Economics, Elsevier, vol. 95(C).
    19. J. Arin & V. Feltkamp & M. Montero, 2015. "A bargaining procedure leading to the serial rule in games with veto players," Annals of Operations Research, Springer, vol. 229(1), pages 41-66, June.
    20. Ginsburgh, Victor & Zang, Israël, 2012. "Shapley Ranking of Wines," Journal of Wine Economics, Cambridge University Press, vol. 7(2), pages 169-180, November.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

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

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wap:wpaper:2120. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Haruko Noguchi (email available below). General contact details of provider: https://edirc.repec.org/data/spwasjp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.