Axiomatizing the Harsanyi value, the symmetric egalitarian solution and the consistent Shapley value

Geoffroy de Clippel

No 2002010, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: The validity of Hart (1985)'s axiomatization of the Harsanyi value is shown to depend on the regularity conditions that are imposed on the games. Following this observation, we propose two related axiomatic characterizations, one of the symmetric egalitarian solution (cf. Kalai and Samet (1985)) and one of the consistent Shapley value (cf. Maschler and Owen (1992)). The three axiomatic results are studied, evaluated and compared in details.

JEL-codes: C71 (search for similar items in EconPapers)
Date: 2002-12
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:2002010

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