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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.

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Metadaten
Document Type:Article
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