Fairness and fairness for neighbors: the difference between the Myerson value and component-wise egalitarian solutions
Sylvain Béal (),
Eric Rémila and
MPRA Paper from University Library of Munich, Germany
We replace the axiom of fairness used in the characterization of the Myerson value (Myerson, 1977) by fairness for neighbors in order to characterize the component-wise egalitarian solution. When a link is broken, fairness states the two players incident to the link should be affected similarly while fairness for neighbors states that a player incident to the link and any of his other neighbors should be affected similarly. Fairness for neighbors is also used to characterize the component-wise egalitarian surplus solution and a two-step egalitarian solution. These results highlight that egalitarian and marginalistic allocation rules can be obtained by applying the same equal gain/loss property to different types of players.
Keywords: Myerson value; component-wise egalitarian solutions; fairness; fairness for neighbors; two-step value (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
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Journal Article: Fairness and fairness for neighbors: The difference between the Myerson value and component-wise egalitarian solutions (2012)
Working Paper: Fairness and Fairness for Neighbors: The Difference between the Myerson Value and Component-Wise Egalitarian Solutions (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:36857
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