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In this paper, we address the problem of fair sharing of the total value of a crowd-sourced network system between major participants (founders) and minor participants (crowd) using cooperative game theory. We use the framework of a Shapley allocation which is regarded as a fundamental method of...
Persistent link: https://www.econbiz.de/10014426363
The value is a solution concept for n-person strategic games, developed by Nash, Shapley, and Harsanyi. The value of a game is an a priori evaluation of the economic worth of the position of each player, reflecting the players' strategic possibilities, including their ability to make threats...
Persistent link: https://www.econbiz.de/10012806287
Interval games are an extension of cooperative coalitional games, in which players are assumed to face payoff uncertainty. Characteristic functions thus assign a closed interval instead of a real number. This study revisits two interval game versions of Shapley values (i.e., the interval Shapley...
Persistent link: https://www.econbiz.de/10014426296
. Similarly, the stability of a budget allocation can be inferred by its situation within the core of the corresponding tax game …
Persistent link: https://www.econbiz.de/10012694354
A growing number of major natural gas markets in the world have adopted the gas-on-gas competition, or are in the phase of transition to this price formation mechanism. In this situation, China has also started to reform the pricing mechanism by establishing gas trading centers in Shanghai and...
Persistent link: https://www.econbiz.de/10012195136
The exact linear dependency among age, period and birth cohort makes it impossible to recover the true parameters of Age-Period-Cohort (APC) models. We then propose to extract reliable information from APC models via the Shapley decomposition, a model-agnostic procedure from game theory that...
Persistent link: https://www.econbiz.de/10013174188
Minimum-cost spanning tree problems are well-known problems in the operations research literature. Some agents, located at different geographical places, want a service provided by a common supplier. Agents will be served through costly connections. Some part of the literature has focused,...
Persistent link: https://www.econbiz.de/10012503905
We continue the discussion of the taxation game following our presentation in [12]. Our concept describes a cooperative game played between a set of jurisdictions (" countries"). These players admit the operation of a multinational enterprise (MNE, the "firm") within their jurisdiction. The...
Persistent link: https://www.econbiz.de/10015386514
The Taxation Game is a cooperative game played between a set of countries I = {1, . . . , n} admitting the operation of a multinational enterprise (MNE, "the firm" ) within their jurisdiction. The firm, when operating within the territory of a subgroup S ⊆ I of countries (a coalition) will...
Persistent link: https://www.econbiz.de/10015101719
We introduce the Maschler-Perles-Shapley value for NTU games composed by smooth bodies. This waywe extend the M-P-S value established for games composed by Cephoids ("sums of deGua Simplices"). The development is parallel to the one of the (generalized) Maschler-Perles bargaining solution. For...
Persistent link: https://www.econbiz.de/10013350552