Document Type
Discussion Paper
Publication Date
3-1-2018
CFDP Number
2123
CFDP Pages
9
Journal of Economic Literature (JEL) Code(s)
C71, C72, D61, D63, D70, D79
Abstract
We show that any transferable utility game can be represented by an assignment of facilities to players, in which it is intuitively obvious how to allocate the total cost of the facilities. The intuitive solution in the representation turns out to be the Shapley value of the game, and thus serves as an alternative justification of the value.
Recommended Citation
Dubey, Pradeep, "Intuitive Solutions in Game Representations: The Shapley Value Revisited" (2018). Cowles Foundation Discussion Papers. 152.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/152