The Shapley Value Essays in Honor of Lloyd S. Shapley [Hardcover]

This volume makes accessible the large body of work that has grown out of Shapley's seminal 1953 paper.Composed in honour of the sixty-fifth birthday of Lloyd Shapley, this volume makes accessible the large body of work that has grown out of Shapley's seminal 1953 paper. Three of the chapters are reprints of the 'ancestral' papers. The other seventeen chapters were contributed especially for this volume.Composed in honour of the sixty-fifth birthday of Lloyd Shapley, this volume makes accessible the large body of work that has grown out of Shapley's seminal 1953 paper. Three of the chapters are reprints of the 'ancestral' papers. The other seventeen chapters were contributed especially for this volume.Composed in honor of the 65th birthday of Lloyd Shapley, this volume makes accessible the large body of work that has grown out of Shapley's seminal 1953 paper. Each of the twenty essays concerns some aspect of the Shapley value.Preface; 1. Introduction to the Shapley value Alvin E. Roth; Part I. Ancestral Papers: 2. A value for n-person games Lloyd S. Shapley; 3. A method for evaluating the distribution of power in a committee system Lloyd S. Shapley and Martin Shubik; Part II. Reformulation and Generalizations: 4. The expected utility of playing a game Alvin E. Roth; 5. The Shapley-Shubik and Banzhaf power indices as probabilities Philip D. Straffin, Jr.; 6. Weighted Shapley values Ehud Kalai and Dov Samet; 7. Probabilistic values for games Robert James Weber; 8. Combinatorial representations of the Shapley value based on average relative payoffs Uriel G. Rothblum; 9. The potential of the Shapley value Sergiu Hart and Andreu Mas-Colell; 10. Multilinear extensions of games Guillermo Owen; Part III. Coalitions: 11. Coalitional value Mordecai Kurz; 12. Endogenous formation of links between players and the coalitions: an application of the Shapley value Robert J. Aumann and Roger B. Myerson; Part IV. Large Games: 13. Values of large finite games Myrna Holtz Wooders and l��