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Shapley compensation scheme

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Author Info
DEHEZ, Pierre (UniversitŽ catholique de Louvain (UCL). Center for Operations Research and Econometrics (CORE))

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Abstract

We study a particular class of cost sharing games Ð "data games" Ð 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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Publisher Info
Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 2007094.

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Date of creation: 01 Dec 2007
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Handle: RePEc:cor:louvco:2007094

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Related research
Keywords: 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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This page was last updated on 2009-11-19.


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