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New Measure of Voting Power

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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 intrainstitutional 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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File URL: http://ies.fsv.cuni.cz/default/file/download/id/2163
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Bibliographic Info

Paper provided by Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies in its series Working Papers IES with number 69.

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Length: 16 pages
Date of creation: 2005
Date of revision: 2005
Handle: RePEc:fau:wpaper:wp069

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Keywords: Absolute power; cooperative games; decisive situation; I-power; pivot; power indices; P-power; relative power; swing;

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References

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  1. Turnovec, Frantisek, 1997. "Monotonicity of Power Indices," East European Series 41, Institute for Advanced Studies.
  2. Karel Janda, 2003. "Credit guarantees in a credit market with adverse selection," Prague Economic Papers, University of Economics, Prague, vol. 2003(4).
  3. 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.
  4. Annick Laruelle & Mika Widgrén, 1998. "Is the allocation of voting power among EU states fair?," Public Choice, Springer, vol. 94(3), pages 317-339, March.
  5. Heikki Kauppi & Mika Widgrén, 2004. "What determines EU decision making? Needs, power or both?," Economic Policy, CEPR & CES & MSH, vol. 19(39), pages 221-266, 07.
  6. Dan Felsenthal & Moshé Machover & William Zwicker, 1998. "The Bicameral Postulates and Indices of a Priori Voting Power," Theory and Decision, Springer, vol. 44(1), pages 83-116, January.
  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.
  8. František Turnovec, 1996. "Weights and votes in european union: extension and institutional reform," Prague Economic Papers, University of Economics, Prague, vol. 1996(2).
  9. 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.
  10. 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.
  11. 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.
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Citations

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Cited by:
  1. Frantisek Turnovec, 2009. "Fairness and squareness: fair decision making rules in the eu council?," Operations Research and Decisions, Wroclaw University of Technology, Institute of Organization and Management, vol. 4, pages 110-124.
  2. František Turnovec, 2012. "Quota Manipulation and Fair Voting Rules in Committees," Working Papers IES 2012/08, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Mar 2012.
  3. Jacek W. Mercik, 2007. "Econometric estimation of hidden factors in group decision making – their impacton power index estimation," Operations Research and Decisions, Wroclaw University of Technology, Institute of Organization and Management, vol. 3, pages 121-131.

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