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Proximity in coalition building

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Author Info
Julien Reynaud () (European Central Bank)
Fabien Lange () (Budapest Tech)
Lukasz Gatarek () (European Central Bank)
Christian Thimann () (European Central Bank)

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Abstract

Voting power methodology offers insights to understand coalition building in collective decision making. This paper proposes a new measure of voting power inspired from Banzhaf (1965) accounting for the proximity between voters by capturing how often they appear in winning coalitions together. Using this proximity index, we introduce a notion of relative linkages among coalition participants as determinant of coalition building. We propose an application to the governance structure of the International Monetary Fund, with linkages being represented by bilateral volumes of trade between voters. The results are able to explain several important features of the functioning of this particular voting body, and may be useful for other applications in international politics.

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File URL: http://bmf.hu/users/vecseya/RePEc/pkk/wpaper/0808.pdf
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Publisher Info
Paper provided by Budapest Tech, Keleti Faculty of Economics in its series Working Paper Series with number 0808.

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Length: 20 pages
Date of creation: 2007
Date of revision: Jul 2008
Handle: RePEc:pkk:wpaper:0808

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Related research
Keywords: voting power index; coalition building; International Monetary Fund; linkage; proximity;

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Find related papers by JEL classification:
C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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References listed on IDEAS
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  4. Richard Portes & Helene Rey, 1999. "The Determinants of Cross-Border Equity Flows," NBER Working Papers 7336, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
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    Other versions:
  6. Matthias Mohr & Kjell Hausken, 2001. "The value of a player in n-person games," Social Choice and Welfare, Springer, vol. 18(3), pages 465-483. [Downloadable!] (restricted)
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  9. Barro, Robert J. & Lee, Jong-Wha, 2005. "IMF programs: Who is chosen and what are the effects?," Journal of Monetary Economics, Elsevier, vol. 52(7), pages 1245-1269, October. [Downloadable!] (restricted)
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  10. J. Ernesto López-Córdova & Christopher M. Meissner, 2003. "Exchange-Rate Regimes and International Trade: Evidence from the Classical Gold Standard Era," American Economic Review, American Economic Association, vol. 93(1), pages 344-353, March. [Downloadable!]
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  15. Stenlund, Hans & Lane, Jan-Erik & Bjurulf, Bo, 1985. "Formal and real voting power," European Journal of Political Economy, Elsevier, vol. 1(1), pages 59-75. [Downloadable!] (restricted)
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  17. Leech, Dennis, 2002. " Designing the Voting System for the Council of the European Union," Public Choice, Springer, vol. 113(3-4), pages 437-64, December. [Downloadable!] (restricted)
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    Other versions:
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