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Balanced contributions based on indirect claims and the Shapley value

Takumi Kongo

Economics Letters, 2018, vol. 167, issue C, 48-50

Abstract: We provide a new axiom that is weaker than the balanced contributions property but stronger than the balanced cycle contributions property. It axiomatizes the Shapley value, together with efficiency and a weaker variation of the null player out property.

Keywords: Axiomatization; Balanced contribution; Null player out; Shapley value (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
Date: 2018
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