The Shapley Value in the Non Differentiable Case.
Abstract
In their book Values of Non Atomic Games, Aumann and Shapley (1974) define the Shapley value for non atomic games, and prove existence and uniqueness of it for a number of important spaces of games like pNA and bv'NA. They also show that this value obeys the so-called diagonal formula, expressing the value of each infinitesimal player as his marginal contribution to the coalition of all players preceding him in a random ordering of the players. The basic definitions are given in Section 1 of this document. Section 2 defines the probability distribution over perturbations and shows its uniqueness. An explicit formula for the value of games of the type discussed above (n-handed glove markets, majority in several different houses) is derived in Section 3.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1983
- Accession Number
- ADA136471
Entities
People
- J. F. Mertens
Organizations
- Stanford University