Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/87474
Authors: 
Xu, Genjiu
van den Brink, René
van der Laan, Gerard
Sun, Hao
Year of Publication: 
2012
Series/Report no.: 
Tinbergen Institute Discussion Paper 12-105/II
Abstract: 
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.
Subjects: 
TU games
Shapley value
EANS-value
CIS-value
associated consistency
matrix approach
JEL: 
C71
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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