Munich Personal RePEc Archive

Disjointly and jointly productive players and the Shapley value

Besner, Manfred (2021): Disjointly and jointly productive players and the Shapley value.

This is the latest version of this item.

[img]
Preview
PDF
MPRA_paper_108653.pdf

Download (376kB) | Preview

Abstract

Central to this study is the concept of disjointly productive players where no cooperation gain occurs when one of two such players joins a coalition containing the other. Our first new axiom states that the payoff to a player does not change when another player, disjointly productive to that player, leaves the game. The second axiom implies that the payoff to a third player does not change if we merge two disjointly productive players into a new player. These two axioms, along with efficiency, characterize the Shapley value and may be advantageous sometimes to improve the runtime for computing the Shapley value. Further axiomatizations are provided, using, for example, a modification of behavior property where the payoff for two players in two new games in which their behavior changes once to total dislike and once to total affection is equal to the payoff in the original game.

Available Versions of this Item

Logo of the University Library LMU Munich
MPRA is a RePEc service hosted by
the University Library LMU Munich in Germany.