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On membership and marginal values

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  • Norman Kleinberg
  • Jeffrey Weiss

Abstract

In Kleinberg and Weiss, Math Soc Sci 12:21–30 ( 1986b ), the authors used the representation theory of the symmetric groups to characterize the space of linear and symmetric values. We call such values “membership” values, as a player’s payoff depends on the worths of the coalitions to which he belongs and not necessarily on his marginal contributions. This could mean that the player would get some share of $$v(N)$$ regardless of whether or not he makes a marginal contribution to the welfare of society. In this paper it is demonstrated that the set of (non-marginal) membership values include those that embody numerous widely held notions of fairness, such as partial “benefit equalization”, individual rationality and “greater rewards follow from greater contributions”, where one’s contributions are not measured marginally. We also present a very simple and revealing way of interpreting all values, including those having a marginal interpretation. Finally, we obtain a mapping which effectively embeds the space of marginal values in the space of all membership values. Copyright Springer-Verlag Berlin Heidelberg 2013

Suggested Citation

  • Norman Kleinberg & Jeffrey Weiss, 2013. "On membership and marginal values," International Journal of Game Theory, Springer;Game Theory Society, vol. 42(2), pages 357-373, May.
    • Handle: RePEc:spr:jogath:v:42:y:2013:i:2:p:357-373
    DOI: 10.1007/s00182-013-0367-9
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    References listed on IDEAS

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    1. Kleinberg, Norman L. & Weiss, Jeffrey H., 1985. "A new formula for the Shapley value," Economics Letters, Elsevier, vol. 17(4), pages 311-315.
    2. Moulin, Herve, 1985. "The separability axiom and equal-sharing methods," Journal of Economic Theory, Elsevier, vol. 36(1), pages 120-148, June.
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    Cited by:

    1. Norman L. Kleinberg, 2018. "A note on associated consistency and linear, symmetric values," International Journal of Game Theory, Springer;Game Theory Society, vol. 47(3), pages 913-925, September.

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