Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 2020-02-22
Number: 20-014/II
Author-Name: Zhengxing Zou
Author-Workplace-Name: Vrije Universiteit Amsterdam
Author-Name: Rene van den Brink
Author-Workplace-Name: Vrije Universiteit Amsterdam
Title: Sharing the Surplus and Proportional Values
Abstract: We introduce a family of proportional surplus division values for TU-games. Each value first assigns to each player a compromise between his stand-alone worth and the average stand-alone worths over all players, and then allocates the remaining worth among the players in proportion to their stand-alone worths. This family contains the proportional division value and the new egalitarian proportional surplus division value as two special cases. We provide characterizations for this family of values, as well as for each single value in this family.
Classification-JEL: C71
Keywords: Cooperative game, proportional value, surplus sharing, axiomatization, balanced contributions
File-URL: https://papers.tinbergen.nl/20014.pdf
File-Format: application/pdf
File-Size: 593229 bytes
Handle: RePEc:tin:wpaper:20200014