Efficient Formulas and Computational Efficiency for Glove Games

Julia Belau

No 456, Ruhr Economic Papers from RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen

Abstract: A well known and simple game to model markets is the glove game where worth is produced by building matching pairs. For glove games, different concepts, like the Shapley value, the restricted Shapley value or the Owen value, yield diff erent distributions of worth. Moreover, computational effort of these values is in general very high. This paper provides efficient allocation formulas of the component restricted Shapley value and the Owen value for glove games in case of efficient coalitions.

Keywords: glove game; imbalanced market; Shapley value; Owen value; efficiency; computational complexity (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:rwirep:456

DOI: 10.4419/86788515

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