The Shapley Value as the Maximizer of Expected Nash Welfare

Anirban Kar,Arunava Sen

The Shapley Value as the Maximizer of Expected Nash Welfare

2014

Anirban Kar
Arunava Sen

We provide an alternative interpretation of the Shapley value in TU games as the unique maximizer of expected Nash welfare. Copyright Springer-Verlag Berlin Heidelberg 2014

Keywords:

Mathematical economics
Welfare economics
Best response
Welfare
Shapley value
Epsilon-equilibrium
Bargaining problem
Economics
Microeconomics

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