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Cooperative games: Core and shapley value

Authors
Publisher
Brown Univ., Dep. of Economics Providence, RI
Publication Date
Keywords
  • C7
  • Ddc:330
  • Game Theory
  • Cooperative Game
  • Characteristic Function
  • Solution Concept
  • Core
  • Shapley Value
  • Axiomatics
  • Equivalence Principle
  • Non-Cooperative Implementation
  • Core
  • Shapley-Wert
  • Kooperatives Spiel
  • Theorie
Disciplines
  • Mathematics

Abstract

This article describes the basic elements of the cooperative approach to game theory, one of the two counterparts of the discipline. After the presentation of some basic definitions, the focus will be on the core and the Shapley value, two of the most central solution concepts in cooperative game theory.

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