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Contributions to Game Theory and Management, 2007, Volume 1, Pages 504–523 (Mi cgtm30)  

One More Uniqueness of the Shapley Value

Elena Yanovskaya

St. Petersburg Institute for Economics and Mathematics, Russian Academy of Sciences, 1, ul. Tchaikovskogo, 191187, St. Petersburg, Russia
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Abstract: The class of TU games whose maximal per capita characteristic function values are attained on the grand coalition. Three axiomatic characterizations of the Shapley value — Shapley’s original axiomatization, Sobolev’s axiomatization with the aid of consistency, and Young’s axiomatization by means of marginality — are used for the corresponding axiomatization of the Shapley value on the class of totally cooperative games. It is shown that only two last axiomatizations characterize the Shapley value uniquely, and Shapley’s axiomatization leads to linear combinations of the Shapley value and the egalitarian value.
Keywords: maximal per capita values, Shapley value, axiomatic characterization.
Document Type: Article
Language: English
Citation: Elena Yanovskaya, “One More Uniqueness of the Shapley Value”, Contributions to Game Theory and Management, 1 (2007), 504–523
Citation in format AMSBIB
\Bibitem{Yan07}
\by Elena~Yanovskaya
\paper One More Uniqueness of the Shapley Value
\jour Contributions to Game Theory and Management
\yr 2007
\vol 1
\pages 504--523
\mathnet{http://mi.mathnet.ru/cgtm30}
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