Nullifying vs. dummifying players or nullified vs. dummified players: The difference between the equal division value and the equal surplus division value

André Casajus and Frank Hüttner

No 110, Working Papers from University of Leipzig, Faculty of Economics and Management Science

Abstract: We provide new characterizations of the equal surplus division value and the equal division value as well as of the class of their convex mixtures. This way, the difference between the Shapley value, the equal division value, and the equal surplus division value is pinpointed to one axiom. Moreover, we shed light on solidarity principles embodied in the equal division value and in the equal surplus division values.

Keywords: solidarity; nullifying player; equal division value; equal surplus division value; desirability (search for similar items in EconPapers)
JEL-codes: C71 D60 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-gth
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:leiwps:110

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