Cooperative Game Theory and Its Application to Networked Organizations

Abstract

Cooperative game theory is a branch of game theory. This paper introduces the basic theory and research status of cooperative game theory, including the model hypothesis, profit allocation method, and its applications. Based on a simplified case, the profit allocation of each participant is calculated by using the Shapley value method and an improved Shapley value method. The research object of this paper is the networked organization as it reflects a typical structure of Internet companies, and the objective of our study is trying to solve the profit allocation issue by applying the theory of cooperative games.