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The cost sharing rule derived from the Shapley value is the unique sharing rule which allocates fixed costs uniformly.
Persistent link: https://www.econbiz.de/10005008637
A group of agents considers collaborating on a project which requires putting together elements owned by some of them. These elements are pure public goods with exclusion i.e. nonrival but excludable goods like for instance knowledge, data or information, patents or copyrights. The present paper...
Persistent link: https://www.econbiz.de/10005008319
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...
Persistent link: https://www.econbiz.de/10005008525
All quasivalues rest on a set of three basic axioms (efficiency, null player, and additivity), which are augmented with positivity for random order values, and with positivity and partnership for weighted values. We introduce the concept of Moebius value associated with a o sharing system and...
Persistent link: https://www.econbiz.de/10005008640
The weighted value was introduced by Shapley in 1953 as an asymmetric version of his value. Since then several approximations have been proposed including one by Shapley in 1981 specifically addressed to cost allocation, a context in which weights appear naturally. It was at the occasion of a...
Persistent link: https://www.econbiz.de/10008550201
Discrete choice theory is very much dominated by the paradigm of the maximization of a random utility, thus implying that the probability of choosing an alternative in a given set is equal to the sum of the probabilities of all the rankings for which this alternative comes first. This property...
Persistent link: https://www.econbiz.de/10005043196