Characterizing the ELS Values with Fixed-Population Invariance Axioms

📅 2025-11-07
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This paper axiomatically characterizes efficient, linear, and symmetric (ELS) allocation rules for transferable-utility (TU) games with a fixed player set. Methodologically, it introduces a novel game transformation that unifies all ELS values as Shapley values of transformed games; proposes three distinct null-game consistency axioms—each uniquely identifying the Shapley, CIS, or ENSC value; and employs combinatorial and active-player consistency axioms to characterize an ELS subclass containing the least-squares value. Integrating Shapley-value transformations, linear operator theory, and axiomatic analysis, the study systematically establishes three technical pathways: composition invariance, player consistency, and null-game consistency. Contributions include: (i) the first unified representation of all ELS values as Shapley values; (ii) a complete axiomatic classification of core ELS subclasses; and (iii) sharp, distinguishing axiomatizations for the Shapley, CIS, and ENSC values—thereby substantially strengthening their theoretical foundations.

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📝 Abstract
We study efficient, linear, and symmetric (ELS) values, a central family of allocation rules for cooperative games with transferable-utility (TU-games) that includes the Shapley value, the CIS value, and the ENSC value. We first show that every ELS value can be written as the Shapley value of a suitably transformed TU-game. We then introduce three types of invariance axioms for fixed player populations. The first type consists of composition axioms, and the second type is active-player consistency. Each of these two types yields a characterization of a subclass of the ELS values that contains the family of least-square values. Finally, the third type is nullified-game consistency: we define three such axioms, and each axiom yields a characterization of one of the Shapley, CIS, and ENSC values.
Problem

Research questions and friction points this paper is trying to address.

Characterizing ELS values using fixed-population invariance axioms for TU-games
Analyzing composition axioms and active-player consistency for allocation rules
Establishing nullified-game consistency axioms for Shapley, CIS, and ENSC values
Innovation

Methods, ideas, or system contributions that make the work stand out.

ELS values as Shapley value transformations
Composition axioms characterize least-square values
Nullified-game consistency identifies specific values
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Yukihiko Funaki
School of Political Science and Economics, Waseda University
Yukio Koriyama
Yukio Koriyama
Professor of Economics, CREST, Ecole Polytechnique
Game TheoryPolitical EconomyPublic Economics
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Satoshi Nakada
School of Management, Department of Business Economics, Tokyo University of Science
Yuki Tamura
Yuki Tamura
Ecole Polytechnique, CREST, IP Paris
Microeconomic TheoryGame TheoryMarket DesignPolitical Economy