Scandinavian Working Papers in Economics
Discussion Papers,
Norwegian School of Economics, Department of Business and Management Science
No 2015/2: The Analysis of Leadership Formation in Networks Based on Shapley Value
Ivan Belik () and Kurt Jörnsten ()
Additional contact information
Ivan Belik: Dept. of Business and Management Science, Norwegian School of Economics, Postal: NHH , Department of Business and Management Science, Helleveien 30, N-5045 Bergen, Norway
Kurt Jörnsten: Dept. of Business and Management Science, Norwegian School of Economics, Postal: NHH , Department of Business and Management Science, Helleveien 30, N-5045 Bergen, Norway
Abstract: In the given research we analyse how an agent can move towards leadership in a socio-economic network. For the node’s (i.e., agent’s) importance measure we use the Shapley value (SV) concept from the area of cooperative games. We consider SV as the node’s centrality that corresponds to the significance of the agent within the socio-economic network. Using the polynomial algorithm developed by Aadithya, Ravindran, Michalak, & Jennings (2010) to compute SVs we analyze the way of creating new linkages to increase an agent’s significance (i.e., importance) in networks.
Keywords: Socio-economic networks; Shapley value; leadership
JEL-codes: C00
20 pages, January 9, 2015
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