Focused power: Experiments, the Shapley-Shubik power index, and focal points
Experiments evaluate the fit of human behaviour to the Shapley-Shubik power index (SSPI), a formula of voter power. Groups of six subjects with differing votes divide a fixed purse by majority rule in online chat rooms. Earnings proxy for measured power. Chat rooms and processes for selecting subjects reduce or eliminate extraneous forces. Logrolling remains as the primary political force. Subjects' initial proposals for division of the purse allow measurement of effects from focal points and transaction costs. Divisions of purses, net of those effects, closely fit the SSPI, averaging 1.033 of their SSPI values. The SSPI can serve as a control for power imbedded in voting blocs, permitting fuller analysis of other factors that affect political outcomes.
|Date of creation:||2013|
|Contact details of provider:|| Postal: Kiellinie 66, D-24105 Kiel|
Phone: +49 431 8814-1
Fax: +49 431 8814528
Web page: http://www.economics-ejournal.org/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ken Binmore, 2007. "Does Game Theory Work? The Bargaining Challenge," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262026074.
- Saari, Donald G. & Sieberg, Katri K., 2001. "Some Surprising Properties of Power Indices," Games and Economic Behavior, Elsevier, vol. 36(2), pages 241-263, August.
- 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.
- R J Johnston, 1978. "On the Measurement of Power: Some Reactions to Laver," Environment and Planning A, SAGE Publishing, vol. 10(8), pages 907-914, August.
- Gelman, Andrew & Katz, Jonathan N. & Bafumi, Joseph, 2002.
"Standard Voting Power Indexes Don't Work: An Empirical Analysis,"
1133, California Institute of Technology, Division of the Humanities and Social Sciences.
- Gelman, Andrew & Katz, Jonathan N. & Bafumi, Joseph, 2004. "Standard Voting Power Indexes Do Not Work: An Empirical Analysis," British Journal of Political Science, Cambridge University Press, vol. 34(04), pages 657-674, October.
- Manfred Holler & Stefan Napel, 2004.
"Monotonicity of power and power measures,"
Theory and Decision,
Springer, vol. 56(1), pages 93-111, April.
- R J Johnston, 1977.
"National Sovereignty and National Power in European Institutions,"
Environment and Planning A,
SAGE Publishing, vol. 9(5), pages 569-577, May.
- R J Johnston, 1977. "National sovereignty and national power in European institutions," Environment and Planning A, Pion Ltd, London, vol. 9(5), pages 569-577, May.
- Taylor, Alan & Zwicker, William, 1997. "Interval measures of power," Mathematical Social Sciences, Elsevier, vol. 33(1), pages 23-74, February.
- 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.
- Navarro, Noemí & Veszteg, Róbert F., 2011. "Demonstration of power: Experimental results on bilateral bargaining," Journal of Economic Psychology, Elsevier, vol. 32(5), pages 762-772.
- Smith, Vernon L, 1982. "Microeconomic Systems as an Experimental Science," American Economic Review, American Economic Association, vol. 72(5), pages 923-955, December.
- André Casajus & Helfried Labrenz & Tobias Hiller, 2009. "Majority shareholder protection by variable qualified majority rules," European Journal of Law and Economics, Springer, vol. 28(1), pages 9-18, August.
- Nikola Tarashev & Claudio Borio & Kostas Tsatsaronis, 2009. "The systemic importance of financial institutions," BIS Quarterly Review, Bank for International Settlements, pages -, September.
When requesting a correction, please mention this item's handle: RePEc:zbw:ifwedp:201342. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics)
If references are entirely missing, you can add them using this form.