Value Theory without Efficiency

Citation:

Neyman A, Dubey P, Weber RJ. Value Theory without Efficiency. Mathematics of Operations Research. 1981;6 :122--128.
Paper507 KB

Abstract:

A semivalue is a symmetric positive linear operator on a space of games, which leaves the additive games fixed. Such an operator satisfies all of the axioms defining the Shapley value, with the possible exception of the efficiency axiom. The class of semivalues is completely characterized for the space of finite-player games, and for the space pNA of nonatomic games.

Last updated on 06/16/2015