Efficient Myerson Value for Union Stable Structures
Abstract
In this work, an axiomatization of a new value for union stable structures, efficient Myerson value, is shown by average equity, redundant fairness, superfluous component property and other three properties. And the independence of the axioms is illustrated. Besides, the difference of three values, efficient Myerson value, the two-step Shapley value and collective value, is shown.
Keywords:
Union stable structure, average equity, redundant fairness
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Articles of "Contributions to Game Theory and Management" are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.