Several works propose various post-hoc, model-agnostic explanations for the task of ranking, i.e. the task of ordering a set of documents, via feature attribution methods. However, these attributions are seen to weakly correlate and sometimes contradict each other. In classification/regression, several works focus on \emph{axiomatic characterization} of feature attribution methods, showing that a certain method uniquely satisfies a set of desirable properties. However, no such efforts have been taken in the space of feature attributions for the task of ranking. We take an axiomatic game-theoretic approach, popular in the feature attribution community, to identify candidate attribution methods for ranking tasks. We first define desirable axioms: Rank-Efficiency, Rank-Missingness, Rank-Symmetry and Rank-Monotonicity, all variants of the classical Shapley axioms. Next, we introduce Rank-SHAP, a feature attribution algorithm for the general ranking task, which is an extension to classical Shapley values. We identify a polynomial-time algorithm for computing approximate Rank-SHAP values and evaluate the computational efficiency and accuracy of our algorithm under various scenarios. We also evaluate its alignment with human intuition with a user study. Lastly, we theoretically examine popular rank attribution algorithms, EXS and Rank-LIME, and evaluate their capacity to satisfy the classical Shapley axioms.