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
Hauptverfasser: Sun, Panfei, Hou, Dongshuang, Sun, Hao, Zhang, Hui
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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.
ISSN:1432-2994
1432-5217
DOI:10.1007/s00186-017-0595-z