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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Spectrum value for coalitional games
AU - Álvarez-Mozos, M.
AU - Hellman, Z.
AU - Winter, E.
PY - 2013/11
Y1 - 2013/11
N2 - Assuming a 'spectrum' or ordering of the players of a coalitional game, as in a political spectrum in a parliamentary situation, we consider a variation of the Shapley value in which coalitions may only be formed if they are connected with respect to the spectrum. This results in a naturally asymmetric power index in which positioning along the spectrum is critical. We present both a characterization of this value by means of properties and combinatoric formulae for calculating it. In simple majority games, the greatest power accrues to 'moderate' players who are located neither at the extremes of the spectrum nor in its center. In supermajority games, power increasingly accrues towards the extremes, and in unanimity games all power is held by the players at the extreme of the spectrum. © 2013 Elsevier Inc.
AB - Assuming a 'spectrum' or ordering of the players of a coalitional game, as in a political spectrum in a parliamentary situation, we consider a variation of the Shapley value in which coalitions may only be formed if they are connected with respect to the spectrum. This results in a naturally asymmetric power index in which positioning along the spectrum is critical. We present both a characterization of this value by means of properties and combinatoric formulae for calculating it. In simple majority games, the greatest power accrues to 'moderate' players who are located neither at the extremes of the spectrum nor in its center. In supermajority games, power increasingly accrues towards the extremes, and in unanimity games all power is held by the players at the extreme of the spectrum. © 2013 Elsevier Inc.
KW - Coalitional games
KW - Political spectrum
KW - Restricted cooperation
KW - Shapley value
U2 - 10.1016/j.geb.2013.06.011
DO - 10.1016/j.geb.2013.06.011
M3 - Journal article
VL - 82
SP - 132
EP - 142
JO - Games and Economic Behavior
JF - Games and Economic Behavior
SN - 0899-8256
ER -