Potential, value, and random partitions

We provide a new interpretation of the potential of the Shapley value as the expected worth of some random partition of the player set. Using this insight, we advocate the potential as an index of power concentration in simple monotonic games.

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Year of publication:	2014
Authors:	Casajus, André
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 125.2014, 2, p. 164-166
Publisher:	Elsevier
Subject:	Shapley value \| Potential \| Random partition \| Concentration of power

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Type of publication:	Article
Classification:	C71 - Cooperative Games
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011076560