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A power measure is monotone if a player with a larger weight is assigned at least as much power as a player with a … smaller weight in the same weighted majority game. Failure of a power index to satisfy monotonicity is often considered a …
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Given a simple game, a power configuration specifies the power of each player in each winning coalition. We introduce a … new power configuration which takes into account bargaining among players in coalitions. We show that under very weak … conditions on a bargaining solution there is a power configuration which is stable with respect to renegotiations. We further …
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Given a simple game, a power configuration specifies the power of each player in each winning coalition. We introduce a … new power configuration which takes into account bargaining among players in coalitions. We show that under very weak … conditions on a bargaining solution there is a power configuration which is stable with respect to renegotiations. We further …
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independent of the balance of power. If bargaining involves endogenous demand choices, however, the likelihood of conflict is … higher if power is more imbalanced. Even though endogenous bargaining outcomes reflect the players' unequal fighting … strengths, strategic uncertainty causes outcomes to be most efficient when power is balanced. In turn, the importance of …
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