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Decomposition of solutions and the Shapley value

  • We suggest a foundation of the Shapley value via the decomposition of solutions for cooperative games with transferable utility. A decomposer of a solution is another solution that splits the former into a direct part and an indirect part. While the direct part (the decomposer) measures a player‘s contribution in a game as such, the indirect part indicates how she affects the other players‘ direct contributions by leaving the game. The Shapley value turns out to be unique decomposable decomposer of the naïve solution, where the naïve solution assigns to any player the difference between the worth of the grand coalition and its worth after this player left the game.

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Metadaten
Document Type:Working Paper
Language:English
Author:André Casajus, Frank Huettner
Chairs and Professorships:Chair of Economics and Information Systems
Parent Title (English):HHL Working paper
Series (Serial Number):HHL-Arbeitspapier / HHL Working paper (154)
Place of publication:Leipzig
Publisher:HHL Leipzig Graduate School of Management
Year of Completion:2016
Page Number:15
Tag:Balanced contributions; Consistency; Decomposition; Higher-order contributions; Potential; Shapley value
Licence (German):License LogoUrheberrechtlich geschützt