Process and optimization implementation of the α-ENSC value
In this paper, we introduce a new value called α -ENSC value which is a convex combination of egalitarian non-separable contribution value (ENSC value) and the equal division value (ED value). The α -ENSC value reconciles two economic thoughts: egoism and altruism. We study an allocation process und...
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Veröffentlicht in: | Mathematical methods of operations research (Heidelberg, Germany) Germany), 2017-10, Vol.86 (2), p.293-308 |
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Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | In this paper, we introduce a new value called
α
-ENSC value which is a convex combination of egalitarian non-separable contribution value (ENSC value) and the equal division value (ED value). The
α
-ENSC value reconciles two economic thoughts: egoism and altruism. We study an allocation process under the assumption that players are partially egocentric, and the final outcome happens to be the
α
-ENSC value. The
α
-ENSC value is also the optimal solution for corresponding optimization models under certain complaint criterion. Several new properties are proposed to characterize the
α
-ENSC value, including
α
-dual individual rationality,
α
-egocentric inessential game property and grand marginal contribution monotonicity. |
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ISSN: | 1432-2994 1432-5217 |
DOI: | 10.1007/s00186-017-0595-z |