A NOTE ON THE CHARACTERIZATIONS OF THE COMPROMISE VALUE

In Borm, Keiding, McLean, Oortwijn and Tijs (1992) the compromise valu e is introduced as a solution concept on the class of compromise admis sible NTU-games. Two characterizations of the compromise value are pro vided on subclasses of NTU-games. This note shows that in one of these characterizations the axioms are dependent. As a result of this obser vation a new characterization of the compromise value is provided. Mor eover, it turns out that with a small weakening of the symmetry proper ty the axioms in the original characterization become independent.Furt her, it is shown that these characterizations can be extended to a lar ger class of NTU-games. Finally, all monotonic, Pareto optimal, and co variant values on this class of NTU-games are described.