Shapley Value And Disadvantageous Monopoly

Roy Gardner

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: The implication seemed to be that the Shapley value would be significant in accounting for monopoly power if it turned out that the Shapley value turned up no disadvantageous monopolies. The examples of [4, 7] lend credence to this expectation, [7] in a production context, [4] in an exchange context. There it turned out that in a large economy monopoly, as appraised by the Shapley value, definitely was advantageous. The major result of this paper is that, when these examples are generalized, it is no longer necessary that every monopoly conceivable in a given situation have a higher Shapley value than its competitive counterpart. In accounting for monopoly power, the Shapley value appears to have a limited success.

Date: 1976-10-01
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://dr.lib.iastate.edu/server/api/core/bitstre ... a03beed9bf69/content
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:isu:genstf:197610010700001041

Access Statistics for this paper

More papers in ISU General Staff Papers from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().