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Young’s axiomatization of the Shapley value: a new proof

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  • Miklós Pintér

Abstract

We give a new proof of Young’s characterization of the Shapley value. Moreover, as applications of the new proof, we show that Young’s axiomatization of the Shapley value is valid on various well-known subclasses of $$\textit{TU}$$ TU games. Copyright Springer Science+Business Media New York 2015

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  • Miklós Pintér, 2015. "Young’s axiomatization of the Shapley value: a new proof," Annals of Operations Research, Springer, vol. 235(1), pages 665-673, December.
    • Handle: RePEc:spr:annopr:v:235:y:2015:i:1:p:665-673:10.1007/s10479-015-1859-8
    DOI: 10.1007/s10479-015-1859-8
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    References listed on IDEAS

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    1. Csóka Péter & Pintér Miklós, 2016. "On the Impossibility of Fair Risk Allocation," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 16(1), pages 143-158, January.
    2. Neyman, Abraham, 1989. "Uniqueness of the Shapley value," Games and Economic Behavior, Elsevier, vol. 1(1), pages 116-118, March.
    3. Anna B. Khmelnitskaya, 2003. "Shapley value for constant-sum games," International Journal of Game Theory, Springer;Game Theory Society, vol. 32(2), pages 223-227, December.
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