Young's axiomatization of the Shapley value - a new proof

Miklós Pintér

Corvinus Economics Working Papers (CEWP) from Corvinus University of Budapest

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 TU games.

Keywords: TU games; Shapley value; Young's axiomatization (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
Date: 2015-04-02
New Economics Papers: this item is included in nep-gth and nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:cvh:coecwp:2015/07

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