The Power of a Coalition
- 1 October 1963
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Management Science
- Vol. 10 (1) , 8-29
- https://doi.org/10.1287/mnsc.10.1.8
Abstract
If certain information is given about the “psychology” of the players who participate in an n-person cooperative game, concerning their bargaining abilities, their moral codes, their roles in the various coalitions and their a priori expectations, then it is possible to define a measure for the power of each coalition which, perhaps, is a better description of the game than the usual characteristic function. The required information, called the standard of fairness of the players is a Thrall partition function which satisfies certain requirements. Its determination is discussed both from an experimental and from a theoretical point of view. In terms of the power, every game becomes a constant-sum game. Applications to the von Neumann and Morgenstern solutions and to the bargaining set are discussed.Keywords
This publication has 0 references indexed in Scilit: