Reduced game property of the Egalitarian Non-k-Averaged Contribution (EN k AC-) value and the Shapley value |
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Authors: | T Namekata TSH Driessen |
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Affiliation: | Department of Information and Management Science, Otaru University of Commerce, Hokkaido 047-8501, Japan;Faculty of Mathematical Sciences, University of Twente, The Netherlands |
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Abstract: | The Egalitarian Non- k -Averaged Contribution (EN k AC-) value for TU-game represents the equal division of the surplus of the total profits, given that each player is already allocated his individual contribution specified by worths of coalitions of size k . This paper deals with the axiomatic characterization of the EN k AC-value on the class of cooperative games with a fixed player set as well as a variable player set. The latter axiomatization involves a consistency axiom in terms of the reduced games. The EN k AC-value is the unique value on the class of cooperative games with a variable player set which possesses the relative invariance under strategic equivalence, the equal treatment property and the reduced game property for two types of reduced games. We also propose a new reduced game in terms of which the Shapley value is axiomatized. |
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Keywords: | Game theory TU-game Cooperative games in characteristic function form Shapley value CIS-value ENSC-value ENkAC-value Consistency Reduced game |
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