Article ID: | iaor2003666 |
Country: | Germany |
Volume: | 30 |
Issue: | 2 |
Start Page Number: | 209 |
End Page Number: | 220 |
Publication Date: | Jan 2001 |
Journal: | International Journal of Game Theory |
Authors: | Napel S., Widgrn M. |
Power indices like those of Shapley and Shubik or Banzhaf measure the distribution of power in simple games. This paper points at a deficiency shared by all established indices: players who are inferior in the sense of having to accept (almost) no share of the spoils in return for being part of a winning coalition are assigned substantial amounts of power. A strengthened version of the dummy axiom based on a formalized notion of inferior players is a possible remedy. The axiom is illustrated first in a deterministic and then a probabilistic setting. With three axioms from the Banzhaf index, it uniquely characterizes the Strict Power Index (SPI). The SPI is shown to be a special instance of a more general family of power indices based on the inferior player axiom.