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Shapley-Based Core-Selecting Payment Rules [article]

Vitor Bosshard, Sven Seuken
2021 arXiv   pre-print
In particular, we focus on payment rules based on the bidders' Shapley values.  ...  In this research note, we lay some groundwork for analyzing the manipulability of core-selecting payment rules in combinatorial auctions.  ...  To avoid such outcomes, Day and Milgrom (2008) introduced the idea of core-selecting payment rules that restrict payments to be in the core.  ... 
arXiv:2107.01048v1 fatcat:p7bm76nzv5gwhkabf673tucmdu

Shapley value based pricing for auctions and exchanges

Luke Lindsay
2018 Games and Economic Behavior  
A series of examples is presented to illustrate how the BWC rule works and how the payments compare to those based on competitive prices, the core, and the Vickrey-Clarke-Groves mechanism.  ...  This paper explores how the Shapley value can be used as the basis of a payment rule for auctions and exchanges.  ...  One approach is to select payments in the core. Day and Milgrom (2007) analyze the properties of core selecting auctions.  ... 
doi:10.1016/j.geb.2017.10.020 fatcat:6uf5fkv7kvaxfg6qu4otzrzeha

RISK REDISTRIBUTION GAMES WITH DUAL UTILITIES

Tim J. Boonen
2016 ASTIN Bulletin: The Journal of the International Actuarial Association  
Hence, every allocation rule satisfying Fuzzy Core Selection satisfies Core Selection.  ...  Theorem 4.11 The Aumann-Shapley value is the unique allocation rule satisfying Fuzzy Core Selection on R ′ N .  ... 
doi:10.1017/asb.2016.34 fatcat:d7cwduk3ofc5xjtuhemcstzfoq

Page 729 of Mathematical Reviews Vol. , Issue 2003A [page]

2003 Mathematical Reviews  
For the particular subclasses of Weber and minimax location games we study under what conditions the pro- portionally egalitarian allocation rule selects core allocations.” 2003a:91022 91A12 Slikker, Marco  ...  The proof of the first main result is based on a refinement of the so-called balanced contributions property.  ... 

Horizontal cooperation among freight carriers: request allocation and profit sharing

M A Krajewska, H Kopfer, G Laporte, S Ropke, G Zaccour
2008 Journal of the Operational Research Society  
This heuristic uses a simulated annealing based acceptance rule for neighbour selection and runs for a preset number of iterations.  ...  Third, in all simulated instances, as well as in the real case, the core of the cooperative game is non-empty and the Shapley value belongs to the core.  ... 
doi:10.1057/palgrave.jors.2602489 fatcat:igjokhwhvnfnvblfxzn6i73fwy

Collusion in VCG Path Procurement Auctions [chapter]

Yoram Bachrach, Peter Key, Morteza Zadimoghaddam
2010 Lecture Notes in Computer Science  
We examine the ways in which the colluders might share their payments, using the core and Shapley value from cooperative game theory.  ...  We also show that in these cases colluders can compute core imputations and the Shapley value in polynomial time.  ...  Finally, what bids are likely to occur for domains with an empty core?  ... 
doi:10.1007/978-3-642-17572-5_4 fatcat:jcrfx7mz2jekzbg36rshd2ausm

The Shapley Value as a Guide to FRAND Licensing Agreements

Pierre Dehez, Sophie Poukens
2014 Review of Law & Economics  
The former consists in a fixed payment for granting access to the standard while the latter is a payment proportional to the quantity sold of the standard-based product.  ...  For this purpose, we translate the problem into a cooperative game with transferable utility (or side payments) and consider two major solution concepts, namely the core and the Shapley value.  ...  As a rule, the nucleolus shares all but one of the original axioms underlying the Shapley value: it is symmetric and satisfies the null player property but it does not satisfy additivity.  ... 
doi:10.1515/rle-2013-0016 fatcat:pkcoyggorraoxedxdykd7ngila

Page 5848 of Mathematical Reviews Vol. , Issue 99h [page]

1999 Mathematical Reviews  
On the positive side we develop an LP-based allocation rule guaran- teeing that no coalition pays more than a times its own cost, where a is the ratio between the optimal TSP-tour and the optimal value  ...  A side-payment game or synonymously a TU game, called here simply a game, is a function v:2% —R.  ... 

A review of cooperative rules and their associated algorithms for minimum-cost spanning tree problems

Gustavo Bergantiños, Juan Vidal-Puga
2021 SERIEs: Journal of the Spanish Economic Association  
We also relate the rules defined through cooperative games with rules defined directly from the problem, either through algorithms for computing a minimal tree, either through a cone-wise decomposition  ...  We now introduce the rule based on Boruvka's algorithm.  ...  Trudeau and Vidal-Puga (2019) review the main axiomatic characterizations of the rules based on the Shapley value in mcst p. There are two possible ways for defining rules in mcst p.  ... 
doi:10.1007/s13209-021-00230-y fatcat:4hr63megcjamhcihh3oywxjd74

Understanding the coincidence of allocation rules: symmetry and orthogonality in TU-games

Julio González-Díaz, Estela Sánchez-Rodríguez
2014 International Journal of Game Theory  
These properties are satisfied, among others, by the Shapley value and the nucleolus.  ...  In particular, we show that most classic allocation rules satisfy it.  ...  Then, the Shapley value, the prenucleolus, the nucleolus, the core-center, and the equal division solution select the allocation (0, . . . , 0). 5 If, moreover, v is zero-monotonic, also the τ value selects  ... 
doi:10.1007/s00182-013-0406-6 fatcat:qgdp345v4vhrfoi2kpjs4vpmyu

Analysis of cooperative game of benefit distribution of contract for water saving in college based on modified Shapley value method

J W Zhu, L Chen, Y Zhao, J C Xie
2019 IOP Conference Series: Earth and Environment  
After further comprehensive consideration of four factors which impact on benefit distribution, a benefit distribution model of contract for water saving in college is established based on modified Shapley  ...  Benefit allocation plan is solved by using shapley value method's Characteristic which assigns by contribution degree.  ...  The base year is selected here in 2014. As of December 2018, the project saved a total of 5.74 million tons of water and an annual water saving rate of 50%.  ... 
doi:10.1088/1755-1315/344/1/012157 fatcat:x2qmeybxgjhgzlduibtv2c4huu

Mechanisms for Fair Attribution

Eric Balkanski, Yaron Singer
2015 Proceedings of the Sixteenth ACM Conference on Economics and Computation - EC '15  
The payment rules we consider are natural interpretations of fairness based on concepts such as Shapley values and the nucleolus from cooperative game theory.  ...  pays agents their costs and is not committed to fair payments.  ...  A Shapley-fair mechanism can select the bottom two agents and pay them their Shapley payments.  ... 
doi:10.1145/2764468.2764505 dblp:conf/sigecom/BalkanskiS15 fatcat:6ls6uqkturfqbkvad45dcxk7iu

Transboundary Water Resource Management [chapter]

Georg Meran, Markus Siehlow, Christian von Hirschhausen
2020 Springer Water  
Based on the core, the range of payoffs for each riparian can be indicated.  ...  Inflows Claims Rule-based allocation Downstream availability Downstream excess claims Table 6 . 6 15 The sequential CEA Rule Countries Rule-based water allocation to L i Rule-based  ... 
doi:10.1007/978-3-030-48485-9_6 fatcat:o5rfqfvv25ecnlxhz66kwbcp5a

Cooperative institutions for sustainable common pool resource management: Application to groundwater

Kaveh Madani, Ariel Dinar
2012 Water Resources Research  
The plurality rule selects the option considered best by the highest number of users as the socially optimal alternative.  ...  The last row of Table 7 indicates which cooperative management institution is selected, based on the plurality rule, depending on the users' behavioral characteristics in the noncooperative case.  ... 
doi:10.1029/2011wr010849 fatcat:633mwsfoyze5hf7mxpf3p7652e

Effective Model Operation by Joining and-Separating Technique in Smart Grids

Hala G. Farrag, Faculty of Engineering at Shoubra, Benha University, Egypt., Reham S. Saad, Hala A. K. Mansour
2019 Journal of Communications  
In paperwork, an explanation and comparison of how to make additional profit by applying two different ways "Shapley and Equal Sharing Role".  ...  The concept of coalition strategy based on using of the unified Micro Grids (MGs) units primarily on the GT-CFS strategy to get over high-speed routing requirements of smart grid, increasing revenues and  ...  rule, a coalition decides to splitting into two coalitions S i and S j based on divided comparison set by eq  ... 
doi:10.12720/jcm.14.3.236-242 fatcat:rmrbhd4nefdnvcrghe4kdlnnpu
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