A new weight scheme for the Shapley value

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A new weight scheme for the Shapley value

It is well known since Owen (1968) that the weights in the weighted Shapley value cannot be interpreted as a measure of power (i.e., of the ability to bargain) of the players. This paper proposes a new weight scheme for the Shapley value. Weights in this framework have to be interpreted as a measure of bargaining power. Two different axiomatic characterizations of this new value are proposed: o...

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ژورنال

عنوان ژورنال: Mathematical Social Sciences

سال: 2006

ISSN: 0165-4896

DOI: 10.1016/j.mathsocsci.2006.03.001