Abstract
This paper presents an axiomatization of the Shapley value. The balanced cycle contributions property is the key axiom in this paper. It requires that, for any order of all the players, the sum of the claims from each player against his predecessor is balanced with the sum of the claims from each player against his successor. This property is satisfied not only by the Shapley value but also by some other values for TU games. Hence, it is a less restrictive requirement than the balanced contributions property introduced by Myerson (International Journal of Game Theory 9, 169–182, 1980).
Similar content being viewed by others
References
Abdulkadiroğlu A, Sönmez T (2003) School choice: a mechanism design approach. Am Econ Rev 93: 729–747
Banzhaf JF (1965) Weighted voting doesn’t work: a mathematical analysis. Rutgers Law Rev 19: 317–343
Derks JJM, Haller HH (1999) Null players out? Linear values for games with variable supports. Int Game Theory Rev 1: 301–314
Driessen T, Funaki Y (1991) Coincidence of and collinearity between game theoretic solutions. OR Spektrum 13: 15–30
Kamijo Y, Kongo T (2009) Axiomatizations of the values for TU games using the balanced cycle contributions property. G-COE GLOPE II Working paper series No. 24, Waseda University, Japan. http://globalcoe-glope2.jp/uploads/mydownloads/GCOE_WP24.pdf
Myerson RB (1980) Conference structures and fair allocation rules. Int J Game Theory 9: 169–182
Shapley LS (1953) A value for n-person games. In: Roth AE (eds) The Shapley value. Cambridge University Press, Cambridge, pp 41–48
Shapley LS, Scarf H (1974) On cores and indivisibility. J Math Econ 1: 23–37
Tijs S (1987) An axiomatization of the τ-value. Math Soc Sci 13: 177–181
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
About this article
Cite this article
Kamijo, Y., Kongo, T. Axiomatization of the Shapley value using the balanced cycle contributions property. Int J Game Theory 39, 563–571 (2010). https://doi.org/10.1007/s00182-009-0187-0
Accepted:
Published:
Issue Date:
DOI: https://doi.org/10.1007/s00182-009-0187-0