Abstract
In Borm, Keiding, McLean, Oortwijn and Tijs (1992) the compromise value is introduced as a solution concept on the class of compromise admissible NTU-games. Two characterizations of the compromise value are provided on subclasses of NTU-games.
This note shows that in one of these characterizations the axioms are dependent. As a result of this observation a new characterization of the compromise value is provided. Moreover, it turns out that with a small weakening of the symmetry property the axioms in the original characterization become independent.
Further, it is shown that these characterizations can be extended to a larger class of NTU-games. Finally, all monotonic, Pareto optimal, and covariant values on this class of NTU-games are described.
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Otten, G.J., Borm, P. & Tijs, S. A note on the characterizations of the compromise value. Int J Game Theory 25, 427–435 (1996). https://doi.org/10.1007/BF01803949
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DOI: https://doi.org/10.1007/BF01803949