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Smoothness, nullified equal loss property and equal division values

Sylvain Ferrières ()

No 2016-01, Working Papers from CRESE

Abstract: We provide characterizations of the equal division values and their convex mixtures, using a new axiom on a fixed player set based on player nullification which requires that if a player becomes null, then any two other players are equally affected. Meanwhile, we also present a global and useful framework which enables differential calculus within the space of values, allowing to smoothly implement other axioms.

Keywords: Player nullification; smoothness; equal division; equal surplus division (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2016-01
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