Balanced externalities and the Shapley value

B-Tier
Journal: Games and Economic Behavior
Year: 2018
Volume: 108
Issue: C
Pages: 81-92

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We characterize the Shapley value using (together with standard conditions of efficiency and equal gains in two-player games) a condition of ‘undominated merge-externalities’. Similar to the well-known ‘balanced contributions’ characterization, our characterization corresponds intuitively to ‘threat points’ present in bargaining. It derives from the observation that all semivalues satisfy ‘balanced merge-externalities’. Our characterization is applicable to useful, narrow sub-classes of games (including monotonic simple games), and also extends naturally to encompass games in partition function form.

Technical Details

RePEc Handle
repec:eee:gamebe:v:108:y:2018:i:c:p:81-92
Journal Field
Theory
Author Count
2
Added to Database
2026-01-26