The asymptotic shapley value for a simple market game

被引:0
|
作者
Thomas M. Liggett
Steven A. Lippman
Richard P. Rumelt
机构
[1] UCLA,Department of Mathematics
[2] UCLA,Anderson School of Management
来源
Economic Theory | 2009年 / 40卷
关键词
Shapley value; Core; Many players; C71; D41;
D O I
暂无
中图分类号
学科分类号
摘要
We consider the game in which b buyers each seek to purchase 1 unit of an indivisible good from s sellers, each of whom has k units to sell. The good is worth 0 to each seller and 1 to each buyer. Using the central limit theorem, and implicitly convergence to tied down Brownian motion, we find a closed form solution for the limiting Shapley value as s and b increase without bound. This asymptotic value depends upon the seller size k, the limiting ratio b/ks of buyers to items for sale, and the limiting ratio \documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage{mathrsfs} \usepackage{upgreek} \setlength{\oddsidemargin}{-69pt} \begin{document}$${[ks-b]/\sqrt{b+s}}$$\end{document} of the excess supply relative to the square root of the number of market participants.
引用
收藏
页码:333 / 338
页数:5
相关论文
共 50 条
  • [1] The asymptotic shapley value for a simple market game
    Liggett, Thomas M.
    Lippman, Steven A.
    Rumelt, Richard P.
    [J]. ECONOMIC THEORY, 2009, 40 (02) : 333 - 338
  • [2] The Shapley value for the probability game
    Hou, Dongshuang
    Xu, Genjiu
    Sun, Panfei
    Driessen, Theo
    [J]. OPERATIONS RESEARCH LETTERS, 2018, 46 (04) : 457 - 461
  • [3] The shapley value of a patent licensing game: The asymptotic equivalence to non-cooperative results
    Tauman, Yair
    Watanabe, Naoki
    [J]. ECONOMIC THEORY, 2007, 30 (01) : 135 - 149
  • [4] The Shapley Value of a Patent Licensing Game: the Asymptotic Equivalence to Non-cooperative Results
    Yair Tauman
    Naoki Watanabe
    [J]. Economic Theory, 2007, 30 : 135 - 149
  • [5] The asymptotic core, nucleolus and Shapley value of smooth market games with symmetric large players
    Aiche, Avishay
    Rubinchik, Anna
    Shitovitz, Benyamin
    [J]. INTERNATIONAL JOURNAL OF GAME THEORY, 2015, 44 (01) : 135 - 151
  • [6] The asymptotic core, nucleolus and Shapley value of smooth market games with symmetric large players
    Avishay Aiche
    Anna Rubinchik
    Benyamin Shitovitz
    [J]. International Journal of Game Theory, 2015, 44 : 135 - 151
  • [7] The Shapley value in the Knaster gain game
    Briata, Federica
    Dall'Aglio, Andrea
    Dall'Aglio, Marco
    Fragnelli, Vito
    [J]. ANNALS OF OPERATIONS RESEARCH, 2017, 259 (1-2) : 1 - 19
  • [8] The Shapley value in the Knaster gain game
    Federica Briata
    Andrea Dall’Aglio
    Marco Dall’Aglio
    Vito Fragnelli
    [J]. Annals of Operations Research, 2017, 259 : 1 - 19
  • [9] Axiomatic of the Shapley value of a game with a priori unions
    Alonso-Meijide, J. M.
    Casas-Mendez, B.
    Gonzalez-Rueda, A. M.
    Lorenzo-Freire, S.
    [J]. TOP, 2014, 22 (02) : 749 - 770
  • [10] Hodge decomposition and the Shapley value of a cooperative game
    Stern, Ari
    Tettenhorst, Alexander
    [J]. GAMES AND ECONOMIC BEHAVIOR, 2019, 113 : 186 - 198