A General Derivation of Axiomatizations for Allocation Rules: Duality and Anti-Duality Approach

Takayuki Oishi
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Takayuki Oishi: Faculty of Economics, Meisei University

No 2019-011, Keio-IES Discussion Paper Series from Institute for Economics Studies, Keio University

Abstract: We offer a general derivation of axiomatizations for allocation rules, referred to as "duality" and "anti-duality" approach. We show basic properties of duality and antiduality approach. Using these properties, we can derive axiomatizations of allocation rules by taking (anti-)dual of axioms involved in axiomatizations of their self-(anti-)dual rules. As an illustration, we derive a new axiomatization of the Shapley value for bidding ring problems from using the notion of duality and axioms involved in axiomatizations of the Shapley value for airport problems. As another illustration, we derive a new axiomatization of the nucleolus for bidding ring problems from using the notion of antiduality and axioms involved in axiomatizations of the nucleolus for airport problems.

Keywords: duality; anti-duality; axiomatization; Shapley value; nucleolus (search for similar items in EconPapers)
JEL-codes: C69 C71 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2019-03-28
New Economics Papers: this item is included in nep-des and nep-gth
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Persistent link: https://EconPapers.repec.org/RePEc:keo:dpaper:2019-011

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