Are you sure?
When I think on this, let's say TIAM-A is
[1, {a}], and you add [0, {}]
that's [card({a})+card({}), ({a}U{})>>1], or [1,{b}]
so that can't be the neutral element.
I think that there must not be an identity element, because the >> operator forces a change under any circumstance which is dependent upon TIAM-A's contents.
Similarly (I haven't thought about this enough yet), I suspect that the operation is non-commutative, because unions can change the number of elements (deletion of duplicates), and the shift is involved (which changes elements, as opposed to just combining them). So let's say you shift and then union, you could get a different result than if you union and shift.
I'm gonna see if we can get a concrete example here...
at somewhat random:
TIAM-A (now referred to as A): [0, {a,b,f}]
TIAM-B (now referred to as B): [1, {b,c}]
TIAM-C (now referred to as C): [2, {d,e}]
A+B+C=T1, A+C+B=T2, if T1 != T2, not commutative (pardon me as I riff on notation for ease of writing)
A+B = [0, {a,b,f}] + [1, {b,c}]
A+B = [3+2, (abf U bc)>>3+2]
A+B = [5, (abcf)>>5]
A+B = [5, fghk]
A+B+C = [5,fghk] + [2, de]
A+B+C = [4+2, (fghk U de)>>4+2]
A+B+C = [6, (defghk)>>6]
A+B+C = [6, jklmnq] = T1
then:
A+C = [0, {a,b,f}] + [2, {d,e}]
A+C = [3+2, (abf U de)>>3+2]
A+C = [5, abdef>>5]
A+C = [5, fgijk]
A+C+B = [5, fgijk] + [1, {b,c}]
A+C+B = [5+2, (fgijk U bc)>>5+2]
A+C+B = [7, (bcfgijk)>>7]
A+C+B = [7, ijmnpqr] = T2
T1 = [6, jklmnq], does not equal T2 = [7, ijmnpqr]
hence, non-commutative - but I could have misunderstood something entirely here