TY - RPRT
U1 - Arbeitspapier
A1 - Casajus, André
A1 - Huettner, Frank
T1 - Weakly monotonic solutions for cooperative games
T2 - HHL Working paper
N2 - The principle of weak monotonicity for cooperative games states that if a game changes so that the worth of the grand coalition and some player’s marginal contribution to all coalitions increase or stay the same, then this player’s payoff should not decrease. We iestigate the class of values that satisfy efficiency, symmetry, and weak monotonicity. It turns out that this class coincides with the class of egalitarian Shapley values. Thus, weak monotonicity reflects the nature of the egalitarian Shapley values in the same vein as strong monotonicity reflects the nature of the Shapley value. An egalitarian Shapley value redistributes the Shapley payoffs as follows: First, the Shapley payoffs are taxed proportionally at a fixed rate. Second, the total tax revenue is distributed equally among all players.
T3 - HHL-Arbeitspapier / HHL Working paper - 135
Y1 - 2014
SP - 10
S1 - 10
PB - HHL Leipzig Graduate School of Management
CY - Leipzig
ER -