Variations on the Shapley value
Variations on the Shapley value
Variations on the Shapley value
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proved:<br />
Theorem 14. There exists a unique probabilistic <strong>value</strong> ϕ π which is π-symmetric<br />
and π-efficient, called <strong>the</strong> π-<strong>value</strong>, and it is given by:<br />
(8.1) ϕ π v(j) = ϕv Bk (j) for j ∈ Bk.<br />
Note that by (8.1), for i ∈ Bk, ϕ π v(i) depends <strong>on</strong>ly <strong>on</strong> <strong>the</strong> game v Bk . Hence,<br />
<strong>the</strong> power of a player i ∈ Bk to negotiate with players outside Bk is not taken into<br />
account when computing his share of v(Bk).<br />
Myers<strong>on</strong> (1977) studied a <strong>value</strong>, called <strong>the</strong> fair allocati<strong>on</strong> rule, where <strong>the</strong> social<br />
structure is given by a graph with vertex set N. An arc (i, j) in graph g can be<br />
thought of as signifying some social relati<strong>on</strong>, say a neighborhood or a channel of<br />
communicati<strong>on</strong>, between players i and j. For each coaliti<strong>on</strong> S, we denote by g|S<br />
<strong>the</strong> restricti<strong>on</strong> of <strong>the</strong> graph g to <strong>the</strong> vertices in S. By π g|S<br />
of S into <strong>the</strong> c<strong>on</strong>nected comp<strong>on</strong>ents of g|S.<br />
we denote <strong>the</strong> partiti<strong>on</strong><br />
The axiomatizati<strong>on</strong> of <strong>the</strong> fair allocati<strong>on</strong> rule is accomplished by fixing <strong>the</strong> game<br />
v, and varying <strong>the</strong> social structure. A functi<strong>on</strong> φ : GR → A, where GR is <strong>the</strong> set of<br />
all graphs <strong>on</strong> N, is a fair allocati<strong>on</strong> rule if it satisfies two properties: it is relatively<br />
efficient, by which we mean that φg(S) = v(S) for every c<strong>on</strong>nected comp<strong>on</strong>ent of g;<br />
and it is fair in <strong>the</strong> sense that for any two graphs g and h such that h = g ∪{(i, j)},<br />
φh(i) − φg(i) = φh(j) − φg(j).<br />
Thus, φ is fair if, by adding an arc to a graph, <strong>the</strong> players forming this arc equally<br />
gain or lose.<br />
Myers<strong>on</strong> (1977) proved:<br />
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