Players’ nullification and the weighted (surplus) division values

Takumi Kongo

Economics Letters, 2019, vol. 183, issue C, -

Abstract: We axiomatize the class of weighted (surplus) division values, that is, a generalization of the equal (surplus) division value for cooperative games with transferable utilities. From the set of axioms that characterizes the equal (surplus) division value, we replace an axiom with its qualitative generalization and the other axiom with a slightly stronger one.

Keywords: TU game; Axiomatization; Weighted division value; Nullification (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:183:y:2019:i:c:8

DOI: 10.1016/j.econlet.2019.108539

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