Showing 1 - 10 of 164
In the absence of externalities, marginality is equivalent to an independence property that rests on Harsanyi's dividends. These dividends identify the surplus inherent to each coalition. Independence states that a player's payoff stays the same if only dividends of coalitions to which this...
Persistent link: https://www.econbiz.de/10012014881
The Coleman Power of the Collectivity to Act (CPCA) is a popular statistic that reflects the ability of a committee to pass a proposal. Applying the Shapley value to this measure, we derive a new power index that indicates each voter's contribution to the CPCA. This index is characterized by...
Persistent link: https://www.econbiz.de/10011846376
The Shapley value certainly is the most eminent single-point solution concept for TU-games. In its standard characterization, the null player property indicates the absence of solidarity among the players. First, we replace the null player property by a new axiom that guarantees null players...
Persistent link: https://www.econbiz.de/10010310158
The Shapley value certainly is the most eminent single-point solution concept for TU-games. In its standard characterization, the null player property indicates the absence of solidarity among the players. First, we replace the null player property by a new axiom that guarantees null players...
Persistent link: https://www.econbiz.de/10009578187
Persistent link: https://www.econbiz.de/10011431602
Persistent link: https://www.econbiz.de/10009707549
Persistent link: https://www.econbiz.de/10010381314
Persistent link: https://www.econbiz.de/10010366132
Persistent link: https://www.econbiz.de/10010251777
Persistent link: https://www.econbiz.de/10011434799