TY - JOUR
T1 - Whose deletion does not affect your payoff? the difference between the Shapley value, the egalitarian value, the solidarity value, and the Banzhaf value
AU - Kamijo, Yoshio
AU - Kongo, Takumi
PY - 2012/2/1
Y1 - 2012/2/1
N2 - This study provides a unified axiomatic characterization method of one-point solutions for cooperative games with transferable utilities. Any one-point solution that satisfies efficiency, the balanced cycle contributions property (BCC), and the axioms related to invariance under a player deletion is characterized as a corollary of our general result. BCC is a weaker requirement than the well-known balanced contributions property. Any one-point solution that is both symmetric and linear satisfies BCC. The invariance axioms necessitate that the deletion of a specific player from games does not affect the other players' payoffs, and this deletion is different with respect to solutions. As corollaries of the above characterization result, we are able to characterize the well-known one-point solutions, the Shapley, egalitarian, and solidarity values, in a unified manner. We also studied characterizations of an inefficient one-point solution, the Banzhaf value that is a well-known alternative to the Shapley value.
AB - This study provides a unified axiomatic characterization method of one-point solutions for cooperative games with transferable utilities. Any one-point solution that satisfies efficiency, the balanced cycle contributions property (BCC), and the axioms related to invariance under a player deletion is characterized as a corollary of our general result. BCC is a weaker requirement than the well-known balanced contributions property. Any one-point solution that is both symmetric and linear satisfies BCC. The invariance axioms necessitate that the deletion of a specific player from games does not affect the other players' payoffs, and this deletion is different with respect to solutions. As corollaries of the above characterization result, we are able to characterize the well-known one-point solutions, the Shapley, egalitarian, and solidarity values, in a unified manner. We also studied characterizations of an inefficient one-point solution, the Banzhaf value that is a well-known alternative to the Shapley value.
KW - Axiomatization
KW - Banzhaf value
KW - Egalitarian value
KW - Game theory
KW - Shapley value
KW - Solidarity value
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U2 - 10.1016/j.ejor.2011.08.011
DO - 10.1016/j.ejor.2011.08.011
M3 - Article
AN - SCOPUS:80053897878
SN - 0377-2217
VL - 216
SP - 638
EP - 646
JO - European Journal of Operational Research
JF - European Journal of Operational Research
IS - 3
ER -