Consistency for the additive efficient normalization of semivalues

Genjiu Xu, Theo S.H. Driessen, Hao Sun and Jun Su

European Journal of Operational Research, 2013, vol. 224, issue 3, 566-571

Abstract: This paper contributes to consistency for the additive efficient normalization of semivalues. Motivated from the additive efficient normalization of a semivalue being a B-revision of the Shapley value, we introduce the B-reduced game which is an extension of Sobolev’s reduced game. Then the additive efficient normalization of a semivalue is axiomatized as the unique value satisfying covariance, symmetry, and B-consistency. Furthermore, by means of the path-independently linear consistency together with the standardness for two-person games, the additive efficient normalization of semivalues is also characterized. Accessorily, the additive efficient normalization of semivalues is directly verified as the linear consistent least square values (see Ruiz et al., 1998).

Keywords: Game theory; Additive efficient normalization of semivalues; Shapley value; B-consistency; Linear consistency (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:224:y:2013:i:3:p:566-571

DOI: 10.1016/j.ejor.2012.08.018

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