TY - JOUR
T1 - The Shapley value in the Knaster gain game
AU - Briata, Federica
AU - Dall’Aglio, Andrea
AU - Dall’Aglio, Marco
AU - Fragnelli, Vito
N1 - Publisher Copyright:
© 2017, Springer Science+Business Media, LLC.
PY - 2017/12/1
Y1 - 2017/12/1
N2 - 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.
AB - 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.
KW - Collusion
KW - Knaster procedure
KW - Shapley value
UR - https://www.scopus.com/pages/publications/85030679713
U2 - 10.1007/s10479-017-2651-8
DO - 10.1007/s10479-017-2651-8
M3 - Article
SN - 0254-5330
VL - 259
SP - 1
EP - 19
JO - Annals of Operations Research
JF - Annals of Operations Research
IS - 1-2
ER -