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We propose a variation of the Hart and Mas-Colell non-cooperative bargaining model for n-person games in coalitional form. This strategic game implements, in the limit, a new NTU-value for the class of monotonic games. This value coincides with the Maschler and Owen value for hyperplane games,...
Persistent link: https://www.econbiz.de/10005062340
Using techniques from the non-standard analysis, a non-standard analogue of the Aumann-Shapley random order value of non-atomic games is provided. The paper introduces the notion of effectively ergodic family of automorphism groups. It is shown that for a wide class of games, the non-standard...
Persistent link: https://www.econbiz.de/10005062364
It is well known since Owen (Management Science, 1968) that the weights in the weighted Shapley value cannot be interpreted as a measure of power (i.e. of the ability to bargain) of the players. This paper proposes a new weight scheme for the Shapley value. Weights in this framework have to be...
Persistent link: https://www.econbiz.de/10005407525
This paper introduces a measure of uncertainty in the determination of the Shapley value, illustrates it with examples, and studies some of its properties. The introduced measure of uncertainty quantifies random variations in a player's marginal contribution during the bargaining process. The...
Persistent link: https://www.econbiz.de/10005550903