On the Probablistic Relationship between the Public Good Index and the Normalized Bannzhaf Index

Mika WidgrÚn
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Mika WidgrÚn: Turku School of Economics and Business Administration, Yrj÷ Jahnsson Foundation and CEPR, Turku, Finnland
Authors registered in the RePEc Author Service: Mika Tapani Widgrén

Homo Oeconomicus, 2002, vol. 19, 373-386

Abstract: In this paper we develop a probablistic interpretation for the normalized Banzhaf index and the public good index. We then derive a way to decompose the normalized Banzhaf index into two parts. The first of them relates the Banzhaf index with the public good index and the other one on a special type of luck. Similarities and differences of the two indices are then discussed.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:hom:homoec:v:19:y:2002:p:373-386

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