Potential, value, and random partitions

André Casajus

Economics Letters, 2014, vol. 125, issue 2, 164-166

Abstract: We provide a new interpretation of the potential of the Shapley value as the expected worth of some random partition of the player set. Using this insight, we advocate the potential as an index of power concentration in simple monotonic games.

Keywords: Shapley value; Potential; Random partition; Concentration of power (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:125:y:2014:i:2:p:164-166

DOI: 10.1016/j.econlet.2014.08.037

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