CONSECUTIVE AMALGAMATIONS AND AN AXIOMATIZATION OF THE SHAPLEY VALUE

Authors
HAVIV M
Citation
M. Haviv, CONSECUTIVE AMALGAMATIONS AND AN AXIOMATIZATION OF THE SHAPLEY VALUE, Economics letters, 49(1), 1995, pp. 7-11
Citations number
12
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
49
Issue
1
Year of publication
1995
Pages
7 - 11
Database
ISI
SICI code
0165-1765(1995)49:1<7:CAAAAO>2.0.ZU;2-M
Abstract
A two-axiom set is given, which characterizes the Shapley value of a g ame in characteristic function form. One axiom is called standard for two-person games while the other requires some consistency with respec t to consecutive amalgamations of two players into one player.