Abstract
The main goal of this paper is to introduce the probability game. On one hand, we analyze the Shapley value by providing an axiomatic characterization. We propose the so-called independent fairness property, meaning that for any two players, the player with larger individual value gets a larger portion of the total benefit. On the other, we use the Shapley value for studying the profitability of merging two agents.
Original language | English |
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Pages (from-to) | 457-461 |
Number of pages | 5 |
Journal | Operations research letters |
Volume | 46 |
Issue number | 4 |
DOIs | |
Publication status | Published - Jul 2018 |
Keywords
- Independent fairness property
- Probability game
- Shapley value
- n/a OA procedure