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Proximity in coalition building

  • Julien Reynaud

    ()

    (European Central Bank)

  • Fabien Lange

    ()

    (Budapest Tech)

  • Lukasz Gatarek

    ()

    (European Central Bank)

  • Christian Thimann

    ()

    (European Central Bank)

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://uni-obuda.hu/users/vecseya/RePEc/pkk/wpaper/0808.pdf
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Paper provided by Óbuda University, Keleti Faculty of Business and Management 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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  1. Graham Bird & Dane Rowlands, 2001. "IMF lending: how is it affected by economic, political and institutional factors?," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 4(3), pages 243-270.
  2. James E. Anderson & Eric van Wincoop, 2004. "Trade Costs," Boston College Working Papers in Economics 593, Boston College Department of Economics.
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  6. Leech, D., 2000. "Members' Voting Power in the Governance of the International Monetary Fund," The Warwick Economics Research Paper Series (TWERPS) 583, University of Warwick, Department of Economics.
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  9. Chen, Natalie, 2002. "Intra-national versus International Trade in the European Union: Why do National Borders Matter?," CEPR Discussion Papers 3407, C.E.P.R. Discussion Papers.
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  13. Edelman, Paul H., 1997. "A note on voting," Mathematical Social Sciences, Elsevier, vol. 34(1), pages 37-50, August.
  14. Reynaud, Julien & Thimann, Christian & Gatarek, Lukasz, 2007. "Proximity and linkages among coalition participants: a new voting power measure applied to the International Monetary Fund," Working Paper Series 0819, European Central Bank.
  15. Baldwin, Richard & Berglöf, Erik & Giavazzi, Francesco & Widgrén, Mika, 2000. "EU Reforms for Tomorrow’s Europe," CEPR Discussion Papers 2623, C.E.P.R. Discussion Papers.
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  19. R J Johnston, 1978. "On the measurement of power: some reactions to Laver," Environment and Planning A, Pion Ltd, London, vol. 10(8), pages 907-914, August.
  20. Julien Reynaud & Fabien Lange & Lukasz Gatarek & Christian Thimann, 2007. "Proximity in coalition building," Working Paper Series 0808, Óbuda University, Keleti Faculty of Business and Management, revised Jul 2008.
  21. J. Ernesto L�pez-C�rdova and Chris Meissner., 2000. "Exchange-Rate Regimes and International Trade: Evidence from the Classical Gold Standard Era," Center for International and Development Economics Research (CIDER) Working Papers C00-118, University of California at Berkeley.
  22. 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.
  23. 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.
  24. 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.
  25. 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.
  26. Robert J Barro & Jong-Wha Lee, 2003. "IMF Programs: Who Is Chosen and What Are the Effects?," Departmental Working Papers 2003-09, The Australian National University, Arndt-Corden Department of Economics.
  27. Andrew K. Rose & Eric van Wincoop, 2001. "National Money as a Barrier to International Trade: The Real Case for Currency Union," American Economic Review, American Economic Association, vol. 91(2), pages 386-390, May.
  28. Bernard Steunenberg & Dieter Schmidtchen & Christian Koboldt, 1999. "Strategic Power in the European Union," Journal of Theoretical Politics, , vol. 11(3), pages 339-366, July.
  29. Aleskerov, Fuad, 2009. "Power indices taking into account agents' preferences," The Warwick Economics Research Paper Series (TWERPS) 898, University of Warwick, Department of Economics.
  30. Edwin M. Truman, 2006. "Reforming the IMF for the 21st Century," Peterson Institute Press: All Books, Peterson Institute for International Economics, number sr19, March.
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  32. Josep M. Colomer & Florencio Martínez, 1995. "The Paradox of Coalition Trading," Journal of Theoretical Politics, , vol. 7(1), pages 41-63, January.
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