Solidarity within a fixed community
- We study the consequences of a solidarity property that specifies how a value for cooperative games should respond if some player forfeits his productivity, i.e., becomes a null player. Nullified solidarity states that in this case either all players weakly gain together or all players weakly lose together. Combined with efficiency, the null game property, and a weak fairness property, we obtain a new characterization of the equal division value.
Document Type: | Article |
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Language: | English |
Author: | Sylvain Béal, André Casajus, Frank Huettner |
Chairs and Professorships: | Chair of Economics and Information Systems |
DOI: | https://doi.org/10.1016/j.econlet.2014.10.023 |
Year of Completion: | 2014 |
Note: | In: Economics Letters, 125 (2014) 3, 440-443 |