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2017 | 90 | 231-242
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Shapley value as a measurer of shareholders decision power

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Making decisions in joint-stock company on stockholders meeting is an example of cooperative game. Cooperative game theory focuses on the coalition players may form. Voting at the general meeting of shareholders is a special kind of cooperative game. We assume each coalition may attain some payoffs, and then we try to predict which coalitions will form. To determine the solution and measure the ability of shareholders to create victorious coalitions we can use Shapley value. Among the shareholders it assigns a unique distribution of a total surplus generated by the coalition of all players.
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  • Department of Management, The Cardinal Wyszynski University in Warsaw, Poland
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