The Shapley value: Essays in honor of L.S.Shapley by Alvin E. Roth

By Alvin E. Roth

Composed in honor of the sixty fifth birthday of Lloyd Shapley, this quantity makes obtainable the big physique of labor that has grown out of Shapley's seminal 1953 paper. all the twenty essays issues a few point of the Shapley price.

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Z(y) = Z ( y , k ) of y on of t h i s chapter. function). 8) r ~ (y,k) with r : lYl, = y/lyl if 0 < c. 4. Let function for being as in ( 5 . 9 ) . u = ei~v - {0}. 9) ative f Z(tc~,k)dt 0 1. be proved in ~7 by making use o f the next. 1 be s a t i s f i e d . {L,k,~} with Then we have k • IR - {0} u' - i k u , i s given by ( 5 . 8 ) . Then, there e x i s t s and let be the r a d i - L • FI+S(I,X), K B where be a compact set in such t h a t i. 11) f o r any r a d i a t i v e where ~ function v for {L,k,~} with k • K and L • FI+~(I,X), i s as in ( 5 .

2) as m-~. 3) v m = 1,2 . . > (c><_ C~:(I,X)). ,X)Ioc m as m ÷ ~. 9) relation of ( 2 . 1 3 ) , we see t h a t #Iv' - i k v l l ~ _ l , ( O , R ) ~ CO, and hence, because of the a r b i t r a r i n e s s of Therefore for v i s the r a d i a t i v e function R > O, v'-ikv c L2,6_I(I,X). {L,k,~}. As is e a s i l y seen from the d i s c u s s i o n above, any subsequence of {v n} contains a subsequence which converges in the r a d i a t i v e {v n} itself function v converges to for v {L,k,Ll. 10) follows that L2 _,~(I,X) " H ~ ' B ( I , X ) I o c .

K,~[f]) ]) - v ( " k n '~[fn I)" -3 + 0 m m m which contradicts is complete. fn (n = 1,2 .... 46) L2,5(I,X) k e ~+. 46). 3. P. 5. 49) Let kn - Ln, n = 1,2 . . . C(r). This w i l l be useful in if6. be the operators of the form d2 d ~ + B(r) + Cn(r), Cn(r ) = Con(r) + Col(r) (r c I) with Cjn(r) = O~jn(rm)x for j = 0,I. 1 with tively. QO and The constants c,~ and independent of n = 1,2 . . . 1. {Ln,kn,g n} such that be the r a d i a t i v e function f o r Let v n, kn ~ ~+' n = 1,2 . . . 52) k ~ ~+ and vn in where v stant C such that -~ v L c F6(I,X ).

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