The equilibrium-value convergence for the multiple-partners game

A-Tier
Journal: Journal of Economic Theory
Year: 2024
Volume: 220
Issue: C

Authors (3)

Luo, Chenghong (not in RePEc) Pérez-Castrillo, David (Barcelona School of Economics ...) Sun, Chaoran (not in RePEc)

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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.

Technical Details

RePEc Handle
repec:eee:jetheo:v:220:y:2024:i:c:s0022053124000760
Journal Field
Theory
Author Count
3
Added to Database
2026-01-28