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Parallel axiomatizations of weighted and multiweighted Shapley values, random order values, and the Harsanyi set

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  • Besner, Manfred

Abstract

We present new axiomatic characterizations of five classes of TU-values, the classes of the weighted, positively weighted, and multiweighted Shapley values, random order values, and the Harsanyi set. The axiomatizations are given in parallel, i.e., they differ only in one axiom. In conjunction with marginality, a new property, called coalitional differential dependence, is the key that allows us to dispense with additivity. In addition, we propose new axiomatizations of the above five classes, in which, in part new, different versions of monotonicity, associated with the strong monotonicity in Young (1985), are decisive.

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  • Besner, Manfred, 2019. "Parallel axiomatizations of weighted and multiweighted Shapley values, random order values, and the Harsanyi set," MPRA Paper 92771, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:92771
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    References listed on IDEAS

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    1. Nowak, A.S. & Radzik, T., 1995. "On axiomatizations of the weighted Shapley values," Games and Economic Behavior, Elsevier, vol. 8(2), pages 389-405.
    2. Casajus, André, 2019. "Relaxations of symmetry and the weighted Shapley values," Economics Letters, Elsevier, vol. 176(C), pages 75-78.
    3. Manfred Besner, 2019. "Axiomatizations of the proportional Shapley value," Theory and Decision, Springer, vol. 86(2), pages 161-183, March.
    4. Jean Derks & Hans Haller & Hans Peters, 2000. "The selectope for cooperative games," International Journal of Game Theory, Springer;Game Theory Society, vol. 29(1), pages 23-38.
    5. René Brink & Yukihiko Funaki & Yuan Ju, 2013. "Reconciling marginalism with egalitarianism: consistency, monotonicity, and implementation of egalitarian Shapley values," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 40(3), pages 693-714, March.
    6. Casajus, André & Huettner, Frank, 2014. "Weakly monotonic solutions for cooperative games," Journal of Economic Theory, Elsevier, vol. 154(C), pages 162-172.
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    Cited by:

    1. Sylvain Béal & Sylvain Ferrières & Philippe Solal, 2022. "The priority value for cooperative games with a priority structure," International Journal of Game Theory, Springer;Game Theory Society, vol. 51(2), pages 431-450, June.

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    More about this item

    Keywords

    Cooperative game; Marginality; Strong monotonicity; Coalitional differential dependence; Weighted Shapley values · Harsanyi set;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

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