Egalitarianism in Nontransferable Utility Games

Abstract

This paper studies egalitarianism in the context of nontransferable utility games by introducing and analyzing the egalitarian value. This new solution concept is based on an egalitarian negotiation procedure in which egalitarian opportunities of coalitions are explicitly taken into account. We formulate conditions under which it leads to a core element and discuss the egalitarian value for the well-known Roth-Shafer examples. Moreover, we characterize the new value on the class of bankruptcy games and bargaining games.

Keywords: Egalitarianism, NTU-Games, Egalitarian Procedure, Egalitarian Value, Egalitarian

JEL Classification: C71, D63