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Coalitional desirability and the equal division value

Sylvain Béal, Éric Rémila () and Philippe Solal
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Éric Rémila: GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique

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Abstract: We introduce three natural collective variants of the well-known axiom of desirability (Maschler and Peleg in Pac J Math 18:289-328, 1966), which require that if the (per capita) contributions of a first coalition are at least as large as the (per capita) contributions of a second coalition, then the (average) payoff in the first coalition should be as large as the (average) payoff in the second coalition. These axioms are called coalitional desirability and average coalitional desirability. The third variant, called uniform coalitional desirability, applies only to coalitions with the same size. We show that coalitional desirability is very strong: no value satisfies simultaneously this axiom and efficiency. To the contrary, the combination of either average coalitional desirability or uniform coalitional desirability with efficiency and additivity characterizes the equal division value.

Keywords: Desirability; Coalitional desirability; Average coalitional desirability; Uniform coalitional desirability; Equal division value; Shapley value (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (7)

Published in Theory and Decision, 2019, 86 (1), pp.95-106. ⟨10.1007/s11238-018-9672-x⟩

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Journal Article: Coalitional desirability and the equal division value (2019) Downloads
Working Paper: Coalitional desirability and the equal division value (2017) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01951010

DOI: 10.1007/s11238-018-9672-x

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