note: An alternative characterization of the weighted Banzhaf value

Andrzej Nowak and Tadeusz Radzik

International Journal of Game Theory, 2000, vol. 29, issue 1, 127-132

Abstract: We provide a new characterization of the weighted Banzhaf value derived from some postulates in a recent paper by Radzik, Nowak and Driessen [7]. Our approach owes much to the work by Lehrer [4] on the classical Banzhaf value based on the idea of amalgamation of pairs of players and an induction construction of the value. Compared with the approach in [7] we consider two new postulates: a weighted version of Lehrer's "2-efficiency axiom" [4] and a generalized "null player out" property studied in terms of symmetric games by Derks and Haller [2].

Keywords: Cooperative games; Banzhaf value; weighted value. (search for similar items in EconPapers)
Date: 2000-02-15
Note: Received: December 1997/final version: October 1999
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Citations: View citations in EconPapers (4)

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