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A dynamic approach to the Shapley value based on associated games

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Abstract

We propose a dynamic process leading to the Shapley value of TU games or any solution satisfying Inessential Game (IG) and Continuity (CONT), based on a modified version of Hamiache's notion of an associated game.

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The authors are very grateful to William Thomson and two anonymous referees for valuable comments which much improve the paper. They provide better statements and proofs of several major results than the original ones.

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Hwang, YA., Li, JH. & Hsiao, YH. A dynamic approach to the Shapley value based on associated games. Int J Game Theory 33, 551–562 (2005). https://doi.org/10.1007/s00182-005-0217-5

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  • DOI: https://doi.org/10.1007/s00182-005-0217-5

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