TY - JOUR
T1 - Duality and anti-duality in TU games applied to solutions, axioms, and axiomatizations
AU - Oishi, Takayuki
AU - Nakayama, Mikio
AU - Hokari, Toru
AU - Funaki, Yukihiko
N1 - Publisher Copyright:
© 2016 Elsevier B.V.
Copyright:
Copyright 2016 Elsevier B.V., All rights reserved.
PY - 2016/3/1
Y1 - 2016/3/1
N2 - In this paper, for each solution for TU games, we define its "dual" and "anti-dual". Then, we apply these notions to axioms: two axioms are (anti-)dual to each other if whenever a solution satisfies one of them, its (anti-)dual satisfies the other. It turns out that these definitions allow us not only to organize existing axiomatizations of various solutions but also to find new axiomatizations of some solutions. As an illustration, we show that two well-known axiomatizations of the core are essentially equivalent in the sense that one can be derived from the other, and derive new axiomatizations of the Shapley value and the Dutta-Ray solution.
AB - In this paper, for each solution for TU games, we define its "dual" and "anti-dual". Then, we apply these notions to axioms: two axioms are (anti-)dual to each other if whenever a solution satisfies one of them, its (anti-)dual satisfies the other. It turns out that these definitions allow us not only to organize existing axiomatizations of various solutions but also to find new axiomatizations of some solutions. As an illustration, we show that two well-known axiomatizations of the core are essentially equivalent in the sense that one can be derived from the other, and derive new axiomatizations of the Shapley value and the Dutta-Ray solution.
KW - Anti-duality
KW - Core
KW - Duality
KW - Dutta-Ray solution
KW - Shapley value
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U2 - 10.1016/j.jmateco.2015.12.005
DO - 10.1016/j.jmateco.2015.12.005
M3 - Article
AN - SCOPUS:84962565696
SN - 0304-4068
VL - 63
SP - 44
EP - 53
JO - Journal of Mathematical Economics
JF - Journal of Mathematical Economics
ER -