Shapley compensation scheme
AbstractWe study a particular class of cost sharing games – "data games" – covering situations wheresome players own data which are useful for a project pursued by the set of all players. Theproblem is to set up compensations between players. Data games are subadditive butgenerally not concave, and have a nonempty core. We characterize the core and compute thecompensation scheme derived from the Shapley value. We then compare it to the nucleolus.Although we use the term "data" our analysis actually applies to any good characterized bynon rivalry and excludability.
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Bibliographic InfoPaper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 2007094.
Date of creation: 01 Dec 2007
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cost sharing; Shapley value; nucleolus;
Find related papers by JEL classification:
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- D46 - Microeconomics - - Market Structure and Pricing - - - Value Theory
- M41 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - Accounting
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