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We suggest a new game-theory-based ranking method for wines, in which the Shapley Value of each wine is computed, and wines are ranked according to their Shapley Values. Judges should find it simpler to use, since they are not required to rank order or grade all the wines, but merely to choose...
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Museum passes which give visitors access to several museums, are becoming more and more frequent. One of the problems encountered is the sharing of the proceeds. We recommend a fair and easily implementable sharing rule that takes into account the relative contribution of each individual museum...
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We discuss the effects of bundling two goods offered by two symmetric firms. This situation requires the use of some sharing rule for the profits from the sales of the bundle. We show that the choice of this rule may have substantial effects on prices and profits – even if the possible...
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