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Dividing the expected payoff resulting from joint actions

Author

Listed:
  • Pierre Dehez

    (CORE-LIDAM, UCLouvain, Louvain-la-Neuve)

Abstract

We consider situations where players hit targets with known probabilities and are rewarded according to given rules. The division of the expected payoff resulting from their joint actions is studied in the context of transferable utility games, using the Shapley value as the allocation rule.

Suggested Citation

  • Pierre Dehez, 2024. "Dividing the expected payoff resulting from joint actions," Economics Bulletin, AccessEcon, vol. 44(3), pages 880-888.
  • Handle: RePEc:ebl:ecbull:eb-23-00522
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    File URL: http://www.accessecon.com/Pubs/EB/2024/Volume44/EB-24-V44-I3-P66.pdf
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    More about this item

    Keywords

    probability games; product games; Shapley value;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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