NDLI: Allocation processes in cooperative games

Content Provider	Springer Nature Link
Author	Lehrer, Ehud
Copyright Year	2003
Abstract	This paper deals with a temporal aspect of cooperative games. A solution of the game is reached through an allocation process. At each stage of the allocation process of a cooperative game a budget of fixed size is distributed among the players. In the first part of this paper we study a type of process that, at any stage, endows the budget to a player whose contribution to the total welfare, according to some measurements, is maximal. It is shown that the empirical distribution of the budget induced by each process of the family converges to a least square value of the game, one such value being the Shapley value. Other allocation processes presented here converge to the core or to the least core.
Starting Page	341
Ending Page	351
Page Count	11
File Format	PDF
ISSN	00207276
Journal	International Journal of Game Theory
Volume Number	31
Issue Number	3
e-ISSN	14321270
Language	English
Publisher	Springer-Verlag
Publisher Date	2003-06-01
Publisher Place	Berlin Heidelberg
Access Restriction	One Nation One Subscription (ONOS)
Content Type	Text
Subject	Statistics and Probability Social Sciences Economics and Econometrics Statistics, Probability and Uncertainty

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