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New Measure of Voting Power

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Author Info
František Turnovec () (Institute of Economic Studies, Faculty of Social Sciences, Charles University, Prague, Czech Republic)

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Abstract

During last two decades we observe a boom of power indices literature related to constitutional analysis of European Union institutions and distribution of intra-institutional and inter-institutional influence in the European Union decision making. Growing interest to power indices methodology leads also to reconsideration of the methodology itself. In this paper a new general a priori voting power measure is proposed distinguishing between absolute and relative power. This power measure covers traditional Shapley-Shubik and Penrose-Banzhaf power indices as its special cases.

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Publisher Info
Article provided by Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies in its journal AUCO Czech Economic Review.

Volume (Year): 1 (2007)
Issue (Month): 1 (March)
Pages: 04-14
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Handle: RePEc:fau:aucocz:au2007_004

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Related research
Keywords: absolute power; cooperative games; decisive situation; I-power; pivot; power indices; P-power; relative power; swing;

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Find related papers by JEL classification:
D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances

References listed on IDEAS
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  1. František Turnovec & Jacek W. Mercik & Mariusz Mazurkiewicz, 2004. "Power Indices: Shapley-Shubik OR Penrose-Banzhaf?," Working Papers IES 48, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised 2004. [Downloadable!]
  2. Turnovec, Frantisek, 1997. "Monotonicity of Power Indices," East European Series 41, Institute for Advanced Studies. [Downloadable!]
  3. Bindseil, Ulrich & Hantke, Cordula, 1997. "The power distribution in decision making among EU member states," European Journal of Political Economy, Elsevier, vol. 13(1), pages 171-185, February. [Downloadable!] (restricted)
  4. Laruelle, Annick & Widgrén, Mika, 1996. "Is the Allocation of Voting Power Among the EU States Fair?," CEPR Discussion Papers 1402, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  5. Karel Janda, 2003. "Credit Guarantees In A Credit Market With Adverse Selection," Prague Economic Papers, University of Economics, Prague, vol. 2003(4). [Downloadable!] (restricted)
  6. František Turnovec, 1996. "Weights And Votes In European Union: Extension And Institutional Reform," Prague Economic Papers, University of Economics, Prague, vol. 1996(2). [Downloadable!] (restricted)
  7. Dan S. Felsenthal & Moshé Machover, 2004. "A Priori Voting Power: What Is It All About?," Political Studies Review, Political Studies Association, vol. 2(1), pages 1-23. [Downloadable!] (restricted)
  8. Laruelle, Annick & Widgren, Mika, 1996. "Is the allocation of voting power among EU states fair?," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 1996022, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
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  9. Karel Janda, 2004. "Bankruptcy Procedures with Ex Post Moral Hazard," Working Papers IES 61, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised 2004. [Downloadable!]
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