Cooperative game theory is the study of strategic interactions in which players, or agents, form coalitions to achieve mutual benefits. A central concern in this area is the fair allocation of the ...

Each agent in a finite set requests an integer quantity of an idiosyncratic good; the resulting total cost must be shared among the participating agents. The Aumann-Shapley prices are given by the ...

The ancient problems of bankruptcy, contested garment, and rights arbitration have generated many studies, debates, and controversy. The objective of this paper is to show that the Shapley value from ...

The attorney and almond farmer was known for his battle to stop the $68-billion California bullet train project from slicing up his almond orchards -- part of a deeply emotional land war that has ...

NEW YORK — Lloyd S. Shapley, who shared the 2012 Nobel Memorial Prize in Economic Sciences for work on game theory that has been used to study subjects as diverse as matching couples and allocating ...