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Intuitive Solutions in Game Representations: The Shapley Value Revisited

Pradeep Dubey

Department of Economics Working Papers from Stony Brook University, Department of Economics

Abstract: We show that any transferable utility game can be represented by an assignment of facilities to the players, in which it is intuitively obvious how to allocate the total cost of the facilities. The intuitive solution in the representation turns out to be the Shapley value of the game.

Date: 2018
New Economics Papers: this item is included in nep-gth, nep-mic and nep-upt
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:nys:sunysb:18-01

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