Monotonicity of Power Indices
Lecture notes in economics and mathematical systemsPublished 1 January 1998
František Turnovec
Citations16
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Abstract
The paper investigates general properties of power indices, measuring the voting power in committees. Concepts of local and global monotonicity of power indices are introduced. Shapley-Shubik, Banzhaf-Coleman, and Holler-Packel indices are analyzed and it is proved that while Shapley-Shubik index satisfies both local and global monotonicity property, Banzhaf-Coleman satisfies only local monotonicity without being globally monotonic and Holler-Packel index satisfies neither local nor global monotonicity.
Keywords
Computer ScienceDecision SciencesEconomics, Econometrics and Finance
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