Efficient Myerson value for union stable structures

Hua Dong, Hao Sun, Genjiu Xu

Department of Applied Mathematics, Northwestern Polytechnical University, Xi’an, 710072, China

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.

Language: English