Economics, Econometrics and Finance
3 years ago

Game-changing study reveals fairer pay distribution in cooperative games

Discrete Applied Mathematics
Second-order productivity, second-order payoffs, and the Shapley value
André Casajus

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The article introduces the idea of second-order productivities and payoffs in cooperative games. Second-order productivities show how one player affects another player's contributions to coalitions. Second-order payoffs reveal the impact of one player leaving the game on another player's payoff. The researchers found that the Shapley value is the best solution for these games, reflecting players' second-order productivities through their payoffs.