Null, nullifying, or dummifying players: The difference between the Shapley value, the equal division value, and the equal surplus division value

André Casajus and Frank Huettner

Economics Letters, 2014, vol. 122, issue 2, 167-169

Abstract: We provide new characterisations of the equal surplus division value. This way, the difference between the Shapley value, the equal surplus division value, and the equal division value is pinpointed to one axiom.

Keywords: Solidarity; Nullifying player; Dummifying player; Equal division value; Equal surplus division value; Monotonicity (search for similar items in EconPapers)
JEL-codes: C71 D63 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (36)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:122:y:2014:i:2:p:167-169

DOI: 10.1016/j.econlet.2013.11.008

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