Abstract
A two-axiom set is given, which characterizes the Shapley value of a game in characteristic function form. One axiom is called standard for two-person games while the other requires some consistency with respect to consecutive amalgamations of two players into one player.
Original language | English |
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Pages (from-to) | 7-11 |
Number of pages | 5 |
Journal | Economics Letters |
Volume | 49 |
Issue number | 1 |
DOIs | |
State | Published - Jul 1995 |
Keywords
- Axiomatization
- Consistency
- Shapley value