English

Shapley-like values without symmetry

Theoretical Economics 2019-05-13 v2 Combinatorics

Abstract

Following the work of Lloyd Shapley on the Shapley value, and tangentially the work of Guillermo Owen, we offer an alternative non-probabilistic formulation of part of the work of Robert J. Weber in his 1978 paper "Probabilistic values for games." Specifically, we focus upon efficient but not symmetric allocations of value for cooperative games. We retain standard efficiency and linearity, and offer an alternative condition, "reasonableness," to replace the other usual axioms. In the pursuit of the result, we discover properties of the linear maps that describe the allocations. This culminates in a special class of games for which any other map that is "reasonable, efficient" can be written as a convex combination of members of this special class of allocations, via an application of the Krein-Milman theorem.

Keywords

Cite

@article{arxiv.1809.07747,
  title  = {Shapley-like values without symmetry},
  author = {Jacob North Clark and Stephen Montgomery-Smith},
  journal= {arXiv preprint arXiv:1809.07747},
  year   = {2019}
}

Comments

27 pages; corrected typos, minor word choice edits, distilled content, added additional references

R2 v1 2026-06-23T04:13:03.228Z