The ''value Of The Game'' As A Tool In Theoretical Economics

Authors: Lloyd S. Shapley
Keywords: economics, theoretical, tool, game, value
Copyrights: Copyrighted
The "value" is a solution concept for cooperative [n]-person games that gives, for each player, an unbiased measure of his expected marginal worth to a coalition formed at random.In this paper, several games based on very simple economic models dealing with ownership, production, and exchange are formulated and solved for their values.

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Document Details

  • Copyright: RAND Corporation
  • Availability: Available
  • Format: Paperback
  • Pages: 16
  • List Price: $20.00
  • Price: $16.00
  • Document Number: P-3658
  • Year: 1967

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