An Application of Shapley Value Cost Allocation to Liquidity Savings Mechanisms
提出一种基于夏普利值分配流动性成本的中央净额排队机制，通过“要么接受要么放弃”的报价方式，确保福利最大化的净额方案能被所有流动性提供者接受。
Abstract This paper describes a proposal for operating a centralized netting queue for nonurgent interbank payments that involves take‐it‐or‐leave‐it offers and allocates liquidity costs using the Shapley value. This method achieves fairness and ensures welfare‐maximizing netting proposals are agreeable to all providers of liquidity.