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Players’ dummification and the dummified egalitarian non-separable contribution value

Author

Listed:
  • Zhang, Li
  • Xu, Genjiu
  • Sun, Hao
  • Li, Wenzhong

Abstract

This paper introduces a new solution for cooperative games, called dummified egalitarian non-separable contribution (DENSC) value. This value is obtained by minimizing the variance of so-called dummified grand complaints of coalitions, and is characterized in term of the axioms on players’ dummification.

Suggested Citation

  • Zhang, Li & Xu, Genjiu & Sun, Hao & Li, Wenzhong, 2023. "Players’ dummification and the dummified egalitarian non-separable contribution value," Economics Letters, Elsevier, vol. 226(C).
    • Handle: RePEc:eee:ecolet:v:226:y:2023:i:c:s0165176523001271
    DOI: 10.1016/j.econlet.2023.111102
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    References listed on IDEAS

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    More about this item

    Keywords

    Cooperative games; Players’ dummification; Dummified marginal contribution; Dummified egalitarian non-separable contribution value; Axiomatization;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D60 - Microeconomics - - Welfare Economics - - - General

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