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Shapley compensation scheme

Author

Listed:
  • DEHEZ, Pierre

    (Université catholique de Louvain (UCL). Center for Operations Research and Econometrics (CORE))

Abstract

We 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.

Suggested Citation

  • DEHEZ, Pierre, 2007. "Shapley compensation scheme," LIDAM Discussion Papers CORE 2007094, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvco:2007094
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    File URL: https://sites.uclouvain.be/core/publications/coredp/coredp2007.html
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    More about this item

    Keywords

    cost sharing; Shapley value; nucleolus;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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