The balanced solution for cooperative transferable utility games

Rene van den Brink (), René Levínský () and Miroslav Zeleny
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Miroslav Zeleny: Department of Mathematical Analysis, Faculty of Mathematics and Physics, Charles University, Czech Republic

No 2007-073, Jena Economics Research Papers from Friedrich-Schiller-University Jena

Abstract: The Shapley value of a cooperative transferable utility game distributes the dividend of each coalition in the game equally among its members. Given exogenous weights for all players, the corresponding weighted Shapley value distributes the dividends proportionally to their weights. In this contribution we deï¬ ne the balanced solution which assigns weights to players such that the corresponding weighted Shapley value of each player is equal to her weight. We prove its existence for all monotone transferable utility games, discuss other properties of this solution, and deal with its characterization through a reduced game consistency.

Keywords: Balanced solution; Proportionality; Reduced game consistency; Weighted Shapley value. (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
Date: 2007-10-15
New Economics Papers: this item is included in nep-gth and nep-upt
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Related works:
Working Paper: The Balanced Solution for Co-operative Transferable Utility Games (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2007-073

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