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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 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.

Suggested Citation

  • František Turnovec, 2007. "New Measure of Voting Power," Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 1(1), pages 04-14, March.
  • Handle: RePEc:fau:aucocz:au2007_004
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    References listed on IDEAS

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    1. 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.
    2. 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.
    3. Karel Janda, 2003. "Credit guarantees in a credit market with adverse selection," Prague Economic Papers, University of Economics, Prague, vol. 2003(4).
    4. 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.
    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, July.
    6. Laruelle, Annick & Widgren, Mika, 1998. "Is the Allocation of Voting Power among EU States Fair?," Public Choice, Springer, vol. 94(3-4), pages 317-339, March.
    7. repec:cup:apsrev:v:48:y:1954:i:03:p:787-792_00 is not listed on IDEAS
    8. Turnovec, Frantisek, 1997. "Monotonicity of Power Indices," East European Series 41, Institute for Advanced Studies.
    9. Laruelle, Annick & Widgren, Mika, 1996. "Is the Allocation of Voting Power among the EU States Fair?," Discussion Papers 556, The Research Institute of the Finnish Economy.
    10. František Turnovec, 1996. "Weights and votes in european union: extension and institutional reform," Prague Economic Papers, University of Economics, Prague, vol. 1996(2).
    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.
    12. 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.
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    Citations

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    Cited by:

    1. Frantisek Turnovec, 2011. "Quota Manipulation And Fair Voting Rules In Committees," EcoMod2011 3186, EcoMod.
    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. Martin Dlouhý, 2016. "Teorie her, formování koalic a koncentrace politické moci v zastupitelstvu hlavního města Prahy
      [Game Theory, Coalition Formation and Political Power Concentration in the Prague City Assembly]
      ," Politická ekonomie, University of Economics, Prague, vol. 2016(6), pages 747-761.
    4. 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.
    5. 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.
    6. Zhi WANG & Shangjin WEI & Kei-Mu YI, "undated". "Value Chain in East Asia Production Network -An International Input-output Model Based Analysis," EcoMod2009 21500090, EcoMod.
    7. František 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.

    More about this item

    Keywords

    absolute power; cooperative games; decisive situation; I-power; pivot; power indices; P-power; relative power; swing;

    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; Revolutions

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