The Shapley value has practical real-world applications in economics
the verdict
SUPPORTED
the evidence backs this
confidence 83/100
Multiple economic and industrial studies demonstrate that the Shapley value is widely applied in practice for fair cost-sharing, resource allocation, and market pricing.
Evidence for · 10
A game-theoretic multi-stakeholder model for cost allocation in urban consolidation centres
2021 · cited by 20
This paper uses the Shapley value to allocate costs and evaluate real-world scenarios for urban consolidation centers.
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More for · 9
The Shapley Value in Data Science: Advances in Computation, Extensions, and Applications
2025 · cited by 18
This paper highlights the Shapley value as a fundamental concept in data science and economics for fair resource allocation and data valuation.
Wind Power Pricing Game Strategy under the China’s Market Trading Mechanism
2019 · cited by 7
This paper applies the Shapley value method to redistribute wind power revenues and optimize pricing under market mechanisms.
The Concept of the Shapley Value and the Cost Allocation Between Cooperating Participants
2018 · cited by 4
This paper applies the Shapley value for cost sharing within healthcare bundled payment models.
Short Term Planning of Isolated Industrial Microgrids Using Shapley Value in Cooperative Game Theory for a Fair Allocation of Cost Savings
2024 · cited by 3
This paper uses the Shapley value method for fair profit allocation among independent factories in microgrids.
Fair Cost Allocation in Energy Communities: A DLMP-based Bilevel Optimization with a Shapley Value Approach
2025 · cited by 2
This paper applies the Shapley value to allocate operating costs fairly in energy communities based on marginal contributions.
Shapley-Based Estimation of Company Value-Concept, Algorithms and Parameters.
2021 · cited by 1
This paper proposes a new method of company valuation using the Shapley value to account for ownership and personal relations in economic networks.
Economic Stimulation Signal on Power Supply Optimization From Distribution Cost Allocation Based on Shapley Value in Integrated Energy Park
2021 · cited by 1
This paper utilizes the Shapley value for distribution cost allocation to optimize power supply and provide economic signals in an integrated energy park.
Reserve Cost Allocation Method Based on the Improved Shapley Value Theory
2024 · cited by 1
This paper uses the Shapley value theory to allocate reserve costs among responsible parties in electricity markets.
Low-Carbon Cooperative Operation of Integrated Energy Systems Considering Joint Green Certificate and Carbon Emission Trading
2025 · cited by 1
This paper employs the Shapley value method to allocate cooperative surplus and enhance economic performance in integrated energy systems.