{"title":"Modifications of several axiomatizations of the Shapley value by weakening the efficiency axiom","authors":"Erfang Shan , Liying Kang , Jilei Shi","doi":"10.1016/j.econlet.2025.112583","DOIUrl":null,"url":null,"abstract":"<div><div>The Shapley value is one of the most popular allocation rules for cooperative games. In this paper we modify several well-known axiomatizations of the Shapley value in the literature by relaxing the efficiency axiom to the gain-loss axiom.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"256 ","pages":"Article 112583"},"PeriodicalIF":1.8000,"publicationDate":"2025-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0165176525004203","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
The Shapley value is one of the most popular allocation rules for cooperative games. In this paper we modify several well-known axiomatizations of the Shapley value in the literature by relaxing the efficiency axiom to the gain-loss axiom.
期刊介绍:
Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.