Fairness and fairness for neighbors: The difference between the Myerson value and component-wise egalitarian solutions

C-Tier
Journal: Economics Letters
Year: 2012
Volume: 117
Issue: 1
Pages: 263-267

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

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

Abstract

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 that 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 surplus 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.

Technical Details

RePEc Handle
repec:eee:ecolet:v:117:y:2012:i:1:p:263-267
Journal Field
General
Author Count
3
Added to Database
2026-01-24