Fairness in cooperating multi-agent systems - Using profit sharing as an example

Ming Chih Hsu*, Von Wun Soo

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

4 Scopus citations

Abstract

Distributing profit in a coalition of multiple cooperating agents [3] is an important issue in both multi-agent and economics society. Proposed in 1953, Shapley value scheme with its elegant axiomatic derivation is essential to solution concepts for profit sharing. However, Shapley value scheme did not cover fairness issues. A new scheme of profit sharing with fairness awareness is proposed in this work. Axioms considering both fairness and efficiency issues are included in the new scheme. An algorithm is constructed for calculation of profit sharing under this new scheme. The existence of a solution existence and other properties of this algorithm are discussed.

Original languageEnglish
Title of host publicationMulti-Agent Systems for Society - 8th Pacific Rim International Workshop on Multi-Agents, PRIMA 2005, Revised Selected Papers
Pages153-162
Number of pages10
DOIs
StatePublished - 2009
Externally publishedYes
Event8th Pacific Rim International Workshop on Multi-Agents, PRIMA 2005 - Kuala Lumpur, Malaysia
Duration: 26 09 200528 09 2005

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume4078 LNAI
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

Conference

Conference8th Pacific Rim International Workshop on Multi-Agents, PRIMA 2005
Country/TerritoryMalaysia
CityKuala Lumpur
Period26/09/0528/09/05

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