Abstract
I introduce a new axiom for power indices on the domain of finite simple games that requires the total power of any given pair i,j of players in any given game v to be equivalent to some individual power, i.e., equal to the power of some single player k in some game w. I show that the Banzhaf power index is uniquely characterized by this new “equivalence to individual power” axiom in conjunction with the standard semivalue axioms: transfer (which is the version of additivity adapted for simple games), symmetry or equal treatment, positivity (which is strengthened to avoid zeroing-out of the index on some games), and dummy.
Original language | American English |
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Pages (from-to) | 391-400 |
Number of pages | 10 |
Journal | Games and Economic Behavior |
Volume | 108 |
DOIs | |
State | Published - 1 Mar 2018 |
Keywords
- 2-efficiency
- Banzhaf power index
- Dummy
- Positivity
- Semivalues
- Simple games
- Superadditivity
- Symmetry
- Transfer
All Science Journal Classification (ASJC) codes
- Finance
- Economics and Econometrics