On proper Shapley values for monotone TU-games

On proper Shapley values for monotone TU-games

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Article ID: iaor201526330
Volume: 44
Issue: 2
Start Page Number: 449
End Page Number: 471
Publication Date: May 2015
Journal: International Journal of Game Theory
Authors: , ,
Keywords: cooperative games, weights, Shapley value, transferable utility (TU)
Abstract:

The Shapley value of a cooperative transferable utility game distributes the dividend of each coalition in the game equally among its members. Given exogenous weights for all players, the corresponding weighted Shapley value distributes the dividends proportionally to their weights. A proper Shapley value, introduced in Vorob’ev and Liapounov (Game Theory and Applications, vol IV. Nova Science, New York, pp 155–159, 1998), assigns weights to players such that the corresponding weighted Shapley value of each player is equal to her weight. In this contribution we investigate these proper Shapley values in the context of monotone games. We prove their existence for all monotone transferable utility games and discuss other properties of this solution.

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