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The Shapley value in the Knaster gain game

  • Federica Briata
  • , Andrea Dall’Aglio
  • , Marco Dall’Aglio
  • , Vito Fragnelli

Research output: Contribution to journalArticlepeer-review

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 languageEnglish
Pages (from-to)1-19
Number of pages19
JournalAnnals of Operations Research
Volume259
Issue number1-2
DOIs
Publication statusPublished - 1 Dec 2017
Externally publishedYes

Keywords

  • Collusion
  • Knaster procedure
  • Shapley value

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