Abstract
The public good index (PGI) measures a priori power in coalition games while interpreting the coalition value as a public good. It was axiomatized by Holler and Packet (1983), which greatly facilitated a comparison with other power measures. This note fills a gap that was left in the original axiomatization: the independence and non-redundancy of the four Holler-Packel axioms are demonstrated. Holler and Packet’s axiomatization of the PGI — and thus this completion — is of relevance not only for the PGI itself but also for another power index, the member bargaining power measure (MBP).
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.