Shapley value

Sergiu Hart
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
Back to top

Abstract

The Shapley value is an a priori evaluation of the prospects of a player in a multi-person game. Introduced by Lloyd S. Shapley in 1953, it has become a central solution concept in cooperative game theory. The Shapley value has been applied to economic, political, and other models.
Back to top

Article

Click here to see the full text article

Back to top

How to cite this article

Hart, Sergiu. "Shapley value." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 09 February 2010 <http://www.dictionaryofeconomics.com/article?id=pde2008_S000106> doi:10.1057/9780230226203.1517

Download Citation:

as RIS | as text | as CSV | as BibTex

Table of Contents

  • Abstract
  • Keywords
  • Article
    • Variations
      • Weighted values
      • Semi-values
      • Other axiomatizations
      • Consistency
      • Large games
      • NTU games
      • Non-cooperative foundations
      • Other extensions
    • Economic applications
      • Perfect competition
      • Cost allocation
      • Other applications
    • Political applications
  • See Also
  • Bibliography
  • How to cite this article
 
 

Related Articles