The Museum Pass Game and its Value Revisited
CentER Discussion Paper No. 2004-07
5 Pages Posted: 18 Feb 2020
Date Written: 2004
This paper is a reaction on Ginsburgh and Zang (2003). It reconsiders the problem where a group of museums offer a pass such that the owner can visit these museums an unlimited number of times during a fixed period of time. The problem addressed is how to share the total joint income of this pass system among the museums. Ginsburgh and Zang propose to use the Shapley value of an associated cooperative game. Arguments are provided to model this problem within the framework of bankruptcy problems.
Keywords: Games, incomes, bankruptcy, cooperative games, museum
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