Abstract
We introduce a new axiom for power indices, which requires the total (additively aggregated) power of the voters to be nondecreasing in response to an expansion of the set of winning coalitions; the total power is thereby reflecting an increase in the collective power that such an expansion creates. It is shown that total-power monotonic indices that satisfy the standard semivalue axioms are probabilistic mixtures of generalized Coleman-Shapley indices, where the latter concept extends, and is inspired by, the notion introduced in Casajus and Huettner (Public choice, forthcoming, 2019). Generalized Coleman-Shapley indices are based on a version of the random-order pivotality that is behind the Shapley-Shubik index, combined with an assumption of random participation by players.
Original language | American English |
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Pages (from-to) | 299-320 |
Number of pages | 22 |
Journal | International Journal of Game Theory |
Volume | 49 |
Issue number | 1 |
DOIs | |
State | Published - 1 Mar 2020 |
Keywords
- Banzhaf index
- Coleman-Shapley index
- Power of collectivity to act
- Probabilistic mixtures
- Semivalues
- Shapley-Shubik index
- Simple games
- Total-power monotonicity axiom
- Voting power
All Science Journal Classification (ASJC) codes
- Statistics and Probability
- Mathematics (miscellaneous)
- Social Sciences (miscellaneous)
- Economics and Econometrics
- Statistics, Probability and Uncertainty