Shapley limit in a buyer-heavy exchange market

ID: shapley-limit-in-a-buyer-heavy-exchange-market

For unit sellers and unit buyers with unit surplus per trade, a coalition's value is the smaller of its seller and buyer counts. Give each player an independent uniform arrival time. Conditional on a specified seller arriving at time , the previous buyers and other sellers have independent binomial counts and . The seller contributes one exactly when . For fixed positive this probability tends to one; a Chebyshev bound and a split near also give an explicit uniform integral estimate. Averaging gives seller Shapley value tending to one. Efficiency and role symmetry give , hence the buyer value tends to zero.

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