COOPERATIVE GAMES: CORE AND SHAPLEY VALUE

This article describes the basic elements of the cooperative approach to game theory, one of the two counterparts of the discipline. After the presentation of some basic definitions, the focus will be on the core and the Shapley value, two of the most central solution concepts in cooperative game theory.

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Year of publication:	2007-07
Authors:	Serrano, Roberto
Institutions:	Centro de Estudios Monetarios y Financieros (CEMFI)
Subject:	Game theory \| cooperative game \| characteristic function \| solution concept \| core \| Shapley value \| axiomatics \| equivalence principle \| non-cooperative implementation

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Classification:	C7 - Game Theory and Bargaining Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005611899