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Reduced game and converse consistency
Journal article   Peer reviewed

Reduced game and converse consistency

CHIH CHANG and Cheng-Cheng Hu
Games and Economic Behavior, Vol.59(2), pp.260-278
05/2007

Abstract

Bilateral consistency Consistency Converse consistency EANSC value Prenucleolus Reduced game Shapley value
The initiating points of the current paper are the axiomatic characterizations, in terms of consistency, of the equal allocation of nonseparable cost value (by Moulin), the Shapley value (by Hart and Mas-Colell), and the prenucleolus (by Orshan). The basic axioms are the same, but three different reduced games can be used to distinguish these three solutions. The main purpose of the paper is to illustrate that besides the definitions of reduced games are different, the axiom converse consistency also plays an important role to distinguish these three solutions. © 2006 Elsevier Inc. All rights reserved.

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