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We provide an axiomatic foundation of the expected utility preferences over lotteries on roles in simple superadditive games represented by the two main power indices, the Shapley-Shubik index and the Banzhaf index, when they are interpreted as von Neumann-Morgenstern utility functions. Our...
Persistent link: https://www.econbiz.de/10005212582
We provide a new axiomatization of the Shapley-Shubik and the Banzhaf power indices in thedomain of simple superadditive games by means of transparent axioms. Only anonymity isshared with the former characterizations in the literature. The rest of the axioms are substitutedby more transparent...
Persistent link: https://www.econbiz.de/10005731401
In this paper, we vindicate the relevance of the notion of success or satisfaction for the normative assessment of voting rules. We provide arguments in support of this view and emphasize the conceptual and analytical differences between this notion and that of decisiveness. The conclusions are...
Persistent link: https://www.econbiz.de/10005515941