Differential marginality, inessential games and convex combinations of values

Zeguang Cui (), Erfang Shan () and Wenrong Lyu ()
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Zeguang Cui: Shanghai University
Erfang Shan: Shanghai University
Wenrong Lyu: Shanghai University

Theory and Decision, 2024, vol. 96, issue 3, No 5, 463-475

Abstract: Abstract The principle of differential marginality (Casajus in Theory and Decis 71(2):163-–174) for cooperative games is a very appealing property that requires equal productivity differentials to translate into equal payoff differentials. In this paper we apply this property to axiomatic characterizations of values. We show that differential marginality implies additivity and symmetry under certain conditions. Based on this result, we propose new characterizations of the equal division and the equal surplus division values. Finally, we characterize two classes of convex combinations of values, i.e., $$\alpha$$ α -egalitarian Shapley values and $$\alpha$$ α -equal surplus division values, by employing differential marginality and establishing the uniqueness of these values on inessential games.

Keywords: TU game; Differential marginality; Inessential game; Equal division value; $$\alpha$$ α -Egalitarian Shapley (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s11238-023-09954-8

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