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A new weight scheme for the Shapley value

  • Guillaume Haeringer

    (Universite Louis Pasteur)

It is well known since Owen (Management Science, 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 characterization of this new value are proposed: one including the weights in the axioms and one without.

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Paper provided by EconWPA in its series Game Theory and Information with number 9807001.

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Length: 11 pages
Date of creation: 15 Jul 1998
Date of revision:
Handle: RePEc:wpa:wuwpga:9807001
Note: Type of Document - PostScript; prepared on IBM PC - PC-TEX; to print on PostScript - A4; pages: 11 . 11 pages, postscript, prepared from dvips
Contact details of provider: Web page: http://128.118.178.162

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  1. Ehud Kalai & Dov Samet, 1983. "On Weighted Shapley Values," Discussion Papers 602, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  2. Nowak, A.S. & Radzik, T., 1995. "On axiomatizations of the weighted Shapley values," Games and Economic Behavior, Elsevier, vol. 8(2), pages 389-405.
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