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Some other economic applications of the value

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  • MERTENS, Jean-François

Abstract

Selected applications of the NTU Shapley value to settings other than that of general equilibrium in perfect competition. Three models are considered: Taxation and Redistribution, Public Goods, and Fixed Prices. In each case, the value leads to significant conceptual insights which, while compelling once understood, are far from obvious at the outset.
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Suggested Citation

  • MERTENS, Jean-François, 2002. "Some other economic applications of the value," CORE Discussion Papers RP 1586, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  • Handle: RePEc:cor:louvrp:1586 Note: In : R.J. Aumann and S. Hart (eds.), Handbook of Game Theory, Volume 3. Amsterdam, Elsevier Science, 2186-2201, 2002
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    File URL: http://dx.doi.org/10.1016/S1574-0005(02)03021-7
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    1. Flavio Delbono & Vincenzo Denicolo, 1991. "Incentives to Innovate in a Cournot Oligopoly," The Quarterly Journal of Economics, Oxford University Press, vol. 106(3), pages 951-961.
    2. Bester, Helmut & Petrakis, Emmanuel, 1993. "The incentives for cost reduction in a differentiated industry," International Journal of Industrial Organization, Elsevier, vol. 11(4), pages 519-534.
    3. James A. Brander & Barbara J. Spencer, 1983. "Strategic Commitment with R&D: The Symmetric Case," Bell Journal of Economics, The RAND Corporation, vol. 14(1), pages 225-235, Spring.
    4. Glenn C. Loury, 1979. "Market Structure and Innovation," The Quarterly Journal of Economics, Oxford University Press, vol. 93(3), pages 395-410.
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    Cited by:

    1. Stefano Moretti & Fioravante Patrone, 2008. "Transversality of the Shapley value," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 16(1), pages 1-41, July.

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