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Bargaining foundations of Shapley value. (English) Zbl 0677.90011
An economy with transferable utility is considered in which each agent controls one of the resources necessary for the utility creation. Using a dynamic bargaining model it is shown that if the time between periods of the game vanishes then the payoffs connected with effective equilibria in the considered economy tend to the Shapley value of agents’ incomes. Moreover, a unique efficient equilibrium exists if the considered game is additive.
Reviewer: M.MareŇ°

MSC:
91B50 General equilibrium theory
91A12 Cooperative games
91A40 Other game-theoretic models
91A10 Noncooperative games
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