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On proper Shapley values for monotone TU-games

Author

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  • René Brink
  • René Levínský
  • Miroslav Zelený

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. Copyright Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • René Brink & René Levínský & Miroslav Zelený, 2015. "On proper Shapley values for monotone TU-games," International Journal of Game Theory, Springer;Game Theory Society, vol. 44(2), pages 449-471, May.
    • Handle: RePEc:spr:jogath:v:44:y:2015:i:2:p:449-471
    DOI: 10.1007/s00182-014-0439-5
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    Cited by:

    1. Zhengxing Zou & Rene van den Brink, 2020. "Sharing the Surplus and Proportional Values," Tinbergen Institute Discussion Papers 20-014/II, Tinbergen Institute.
    2. Béal, Sylvain & Ferrières, Sylvain & Rémila, Eric & Solal, Philippe, 2018. "The proportional Shapley value and applications," Games and Economic Behavior, Elsevier, vol. 108(C), pages 93-112.
    3. Manfred Besner, 2019. "Axiomatizations of the proportional Shapley value," Theory and Decision, Springer, vol. 86(2), pages 161-183, March.
    4. Zhengxing Zou & René Brink & Yukihiko Funaki, 2022. "Sharing the surplus and proportional values," Theory and Decision, Springer, vol. 93(1), pages 185-217, July.
    5. Manfred Besner, 2020. "Value dividends, the Harsanyi set and extensions, and the proportional Harsanyi solution," International Journal of Game Theory, Springer;Game Theory Society, vol. 49(3), pages 851-873, September.
    6. Besner, Manfred, 2019. "Value dividends, the Harsanyi set and extensions, and the proportional Harsanyi payoff," MPRA Paper 92247, University Library of Munich, Germany.
    7. Zhengxing Zou & René Brink & Youngsub Chun & Yukihiko Funaki, 2021. "Axiomatizations of the proportional division value," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 57(1), pages 35-62, July.
    8. Besner, Manfred, 2017. "Axiomatizations of the proportional Shapley value," MPRA Paper 82990, University Library of Munich, Germany.
    9. Wenzhong Li & Genjiu Xu & Hao Sun, 2020. "Maximizing the Minimal Satisfaction—Characterizations of Two Proportional Values," Mathematics, MDPI, vol. 8(7), pages 1-17, July.

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    More about this item

    Keywords

    Proper Shapley value; Proportionality; Weighted Shapley value; Shapley mapping; Fixed point; C71;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

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