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Chivalry and solidarity in ultimatum games

✍ Scribed by CC Eckel; PJ Grossman

Book ID
110929621
Publisher
Oxford University Press
Year
2001
Tongue
English
Weight
204 KB
Volume
39
Category
Article
ISSN
0095-2583

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A new axiomatic characterization of the two-step Shapley value Kamijo ( 2009) is presented based on a solidarity principle of the members of any union: when the game changes due to the addition or deletion of players outside the union, all members of the union will share the same gains/losses.