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| Content Provider | Springer Nature Link |
|---|---|
| Author | Herings, P. Jean Jacques Laan, Gerard van der Talman, Dolf |
| Copyright Year | 2005 |
| Abstract | Many economic and social situations can be represented by a digraph. Both local and global methods to determine the strength or power of all the nodes in a digraph have been proposed in the literature. We propose a new method, where the power of a node is determined by both the number of its successors and the powers of its successors. Our method, called the positional power function, determines a full ranking of the nodes for any digraph. The positional power function can either be determined as the unique solution to a nonhomogeneous system of equations, or as the limit point of an iterative process. The solution can easily be obtained explicitly, which enables us to derive a number of interesting properties of the positional power function. We also consider the Copeland variant of the positional power function. Finally, we extend our method to the class of all weighted graphs. |
| Starting Page | 439 |
| Ending Page | 454 |
| Page Count | 16 |
| File Format | |
| ISSN | 01761714 |
| Journal | Social Choice and Welfare |
| Volume Number | 24 |
| Issue Number | 3 |
| e-ISSN | 1432217X |
| Language | English |
| Publisher | Springer-Verlag |
| Publisher Date | 2005-01-01 |
| Publisher Place | Berlin, Heidelberg |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Economics general Economic Theory |
| Content Type | Text |
| Resource Type | Article |
| Subject | Social Sciences Economics and Econometrics |
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