TY - JOUR
T1 - The equilibrium-value convergence for the multiple-partners game
AU - Pérez-Castrillo, David
AU - Sun , Chaoran
AU - Chenghong, Luo
N1 - We thank Jordi Massó, Marina Nuñez, the editor, an associate editor, and two reviewers for their constructive comments.
PY - 2024/9
Y1 - 2024/9
N2 - We study the assignment game (Shapley and Shubik, 1972) and its generalization of the multiple-partners game (Sotomayor, 1992), the simplest many-to-many extension. Our main result is that the Shapley value of a replicated multiple-partners game converges to a competitive equilibrium payoff when the number of replicas tends to infinity. The result also holds for a large subclass of semivalues since we prove that they converge to the same value as the replica becomes large. Furthermore, in supermodular and monotonic assignment games, the asymptotic Shapley value coincides with the mean stable imputation. The proof of our theorem relies on Hall’s theorem.
AB - We study the assignment game (Shapley and Shubik, 1972) and its generalization of the multiple-partners game (Sotomayor, 1992), the simplest many-to-many extension. Our main result is that the Shapley value of a replicated multiple-partners game converges to a competitive equilibrium payoff when the number of replicas tends to infinity. The result also holds for a large subclass of semivalues since we prove that they converge to the same value as the replica becomes large. Furthermore, in supermodular and monotonic assignment games, the asymptotic Shapley value coincides with the mean stable imputation. The proof of our theorem relies on Hall’s theorem.
KW - Assignment game
KW - Shapley value
KW - Replica
KW - Semivalues
UR - http://www.scopus.com/inward/record.url?scp=85196194235&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/1d54d415-e645-3b8f-ab7c-4203ebca393f/
U2 - 10.1016/j.jet.2024.105870
DO - 10.1016/j.jet.2024.105870
M3 - Article
SN - 0022-0531
VL - 220
SP - 105870
JO - Journal of Economic Theory
JF - Journal of Economic Theory
M1 - 105870
ER -