Working Paper BETA #9910

Download working-paper

Title : A New Weight Scheme for the Shapley Value

Author(s) : Guillaume Haeringer

Abstract : It is well known since Owen (Manag. Sci. 1968) that the weights in the weighted Shapley value cannot be interpreted as a measure of power (i.e. of the ability to bargain) of the players. This paper proposes a new weight scheme for the Shapley value. Weights in this framework have to be interpreted as a measure of bargaining power. Two different axiomatic characterizations of this new value are proposed: one including the weights in the axioms and one without.

Key-words : NA

JEL Classification : C71