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The Value of Coalition Power

Author

Listed:
  • Manfred J.Holler

    (Institute of Economics, University of Hamburg, Hamburg, Germany)

  • Mika Widgren

    (Yrj÷ Jahnsson Foundation, Helsinki, Finland and CEPR, London, England)

Abstract

The message of this paper is that value of a coalition is power. This coincides with the view that coalitions do not have preferences, but merely represent the preferences of their members. Implications are discussed with the respect to (a) the hypothesis that power indices cannot explain decisionmaking in the European Union because they do not take into consideration the preferences of the member countries and (b) the fitness concept of evolutionary game theory and the identity of fitness and power. After a presentation of selected power indices, the question is discussed as to whether these measures express expectations or whether they conceptualize power. A corresponding re-interpretation of the (non-)monotonicity of power measures concludes the paper.

Suggested Citation

  • Manfred J.Holler & Mika Widgren, 1999. "The Value of Coalition Power," Homo Oeconomicus, Institute of SocioEconomics, vol. 15, pages 497-511.
    • Handle: RePEc:hom:homoec:v:15:y:1999:p:497-511
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    Cited by:

    1. Holler Manfred J. & Nurmi Hannu, 2005. "Power, Outcomes and Preferences / Macht, Ereignisse und Präferenzen," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 225(2), pages 181-191, April.
    2. Manfred J. Holler & Florian Rupp, 2021. "Power in Networks: The Medici," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 38(1), pages 59-75, December.

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