Matrix approach to the Shapley value and dual similar associated consistency

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Xu, G. and Driessen, T.S.H. (2006) Matrix approach to the Shapley value and dual similar associated consistency. [Report]

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Abstract:Replacing associated consistency in Hamiache's axiom system by dual similar associated consistency, we axiomatize the Shapley value as the unique value verifying the inessential game property, continuity and dual similar associated consistency. Continuing the matrix analysis for Hamiache's axiomatization of the Shapley value, we construct the dual similar associated game and introduce the dual similar associated transformation matrix $M_\lambda^{DSh}$ as well. In the game theoretic framework we show that the dual game of the dual similar associated game is Hamiache's associated game of the dual game. For the purpose of matrix analysis, we derive the similarity relationship $M_\lambda^{DSh}=QM_\lambda Q^{-1}$ between the dual similar associated transformation matrix $M_\lambda^{DSh}$ and associated transformation matrix $M_\lambda$ for Hamiache's associated game, where the transformation matrix $Q$ represents the duality operator on games. This similarity of matrices transfers associated consistency into dual similar associated consistency, and also implies the inessential property for the limit game of the convergent sequence of repeated dual similar associated games. We conclude this paper with three tables summarizing all matrix results.

Item Type:Report
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Electrical Engineering, Mathematics and Computer Science (EEMCS)
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Link to this item:http://purl.utwente.nl/publications/66578
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