Kim Pham, Henk Norde
Abstract
Different axiomatizations of the Shapley value for TU games can be found in the literature. The Shapley value has been generalized in several ways to the class of games in partition function form. In this paper we discuss another generalization of the Shapley value and provide a characterization.
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Different axiomatizations of the Shapley value for TU games can be found in the literature. The Shapley value has been generalized in several ways to the class of games in partition function form. In this paper we discuss another generalization of the Shapley value and provide a characterization.
Key concepts: Shapley value, Axiom, Mathematical economics, Generalization, Value (mathematics), Characterization (materials science), Cooperative game theory, Partition (number theory)