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Sign properties and axiomatizations of the weighted division values

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  • Li, Wenzhong
  • Xu, Genjiu
  • van den Brink, René

Abstract

In this paper, we study axiomatic foundations of the class of weighted division values. Firstly, while keeping efficiency, additivity and the nullifying player property from the original axiomatization of the equal division value, we consider relaxations of symmetry in line with Casajus (2019) to characterize the class of (positively) weighted division values. Secondly, we show that the class of weighted division values can also be characterized by replacing linearity in three axiomatizations of Béal et al. (2016) with additivity. Finally, we show how strengthening an axiom regarding null, non-negative, respectively nullified players in these three axiomatizations, provides three axiomatizations of the class of positively weighted division values.

Suggested Citation

  • Li, Wenzhong & Xu, Genjiu & van den Brink, René, 2024. "Sign properties and axiomatizations of the weighted division values," Journal of Mathematical Economics, Elsevier, vol. 112(C).
    • Handle: RePEc:eee:mateco:v:112:y:2024:i:c:s0304406824000314
    DOI: 10.1016/j.jmateco.2024.102969
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    References listed on IDEAS

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