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JOURNALS // Contributions to Game Theory and Management // Archive

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

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.

Language: English



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