Abstract
In Briata et al. (AUCO Czech Econ Rev 6:199–208, 2012), the authors introduce a cooperative game with transferable utility for allocating the gain of a collusion among completely risk-averse agents involved in the fair division procedure introduced by Knaster (Ann Soc Pol Math 19:228–230, 1946). In this paper we analyze the Shapley value (Shapley, in: Kuhn, Tucker (eds) Contributions to the theory of games II (Annals of Mathematics Studies 28), Princeton University Press, Princeton, 1953) of the game and propose its use as a measure of the players’ attitude towards collusion. Furthermore, we relate the sign of the Shapley value with the ranking order of the players’ evaluation, and show that some players in a given ranking will always deter collusion. Finally, we characterize the coalitions that maximize the gain from collusion, and suggest an ad-hoc coalition formation mechanism.
| Original language | English |
|---|---|
| Pages (from-to) | 1-19 |
| Number of pages | 19 |
| Journal | Annals of Operations Research |
| Volume | 259 |
| Issue number | 1-2 |
| DOIs | |
| Publication status | Published - 1 Dec 2017 |
| Externally published | Yes |
Keywords
- Collusion
- Knaster procedure
- Shapley value
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