Year: 2025
Type: book-chapter
Abstract: The following paper studies the problem of fairly sharing jointly generated revenues. Firstly, we construct a characteristic function of the joint production. We provide a new approach to constructing the characteristic function of a TU game. For the computation of the game we interpret the constructed characteristic function as a vector and we describe an algorithm for constructing them. Secondly, we provide an empirical application to the Premier League, the English Football League. Therefore, we use the Shapley value and an egalitarian solution to identify a fair share in a TU game with a large number of players. We show that the Shapley value of one of our models yields outcomes close to the current Premier League allocation.
Source: Computational Economics
Author: Marcus Franz Konrad Pisch
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
Estimated APC paid: $3,290
OpenAlex ID: W4409136664