TY - RPRT U1 - Arbeitspapier A1 - Casajus, André T1 - Second-order productivity, second-order payoffs, and the Shapley value T2 - HHL Working paper N2 - We show that the Shapley value is the unique efficient one-point solution for cooperative games with transferable utility that reflects the players‘ second-order productivities in terms of their second-order payoffs. Second-order productivities are conceptualized as second-order marginal contributions, that is, how one player affects another player‘s marginal contributions to coalitions containing neither of them by entering these coalitions. Second-order payoffs are conceptualized as the effect of one player leaving the game on the payoff of another player. T3 - HHL-Arbeitspapier / HHL Working paper - 187 KW - TU game KW - Shapley value KW - Second-order marginal contributions KW - Second-order symmetry KW - Second-order marginality Y1 - 2020 U6 - https://nbn-resolving.org/urn:nbn:de:101:1-2020122213304306648128 UN - https://nbn-resolving.org/urn:nbn:de:101:1-2020122213304306648128 SP - 19 S1 - 19 PB - HHL Leipzig Graduate School of Management CY - Leipzig ER -