Template-Type: ReDIF-Paper 1.0 Series: Tinbergen Institute Discussion Papers Creation-Date: 2012-10-08 Number: 12-105/II Author-Name: Genjiu Xu Author-Email: firstname.lastname@example.org Author-Workplace-Name: Northwestern Polytechnical University, Xi'an, P.R. China Author-Name: René van den Brink Author-Workplace-Name: VU University Amsterdam Author-Name: Gerard van der Laan Author-Workplace-Name: VU University Amsterdam Author-Name: Hao Sun Author-Workplace-Name: Northwestern Polytechnical University, Xi'an, P.R. China Title: Associated Consistency Characterization of Two Linear Values for TU Games by Matrix Approach Abstract: This discussion paper resulted in a publication in 'Linear Algebra and its Applications', 2015, 471, 224-240.
Hamiache (2001) assigns to every TU game a so-called associated game and then shows that the Shapley value is characterized as the unique solution for TU games satisfying the inessential game property, continuity and associated consistency. The latter notion means that for every game the Shapley value of the associated game is equal to the Shapley value of the game itself. In this paper we show that also the EANS-value as well as the CIS-value are characterized by these three properties for appropriately modified notions of the associated game. This shows that these three values only differ with respect to the associated game. The characterization is obtained by applying the matrix approach as the pivotal technique for characterizing linear values of TU games in terms of associated consistency. Classification-JEL: C71 Keywords: TU games, Shapley value, EANS-value, CIS-value, associated consistency, matrix approach File-Url: http://papers.tinbergen.nl/12105.pdf File-Format: application/pdf File-Size: 372995 bytes Handle: RePEc:tin:wpaper:20120105