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New Measure of Voting Power
New Measure of Voting Power

Author(s): František Turnovec
Subject(s): Economy
Published by: Univerzita Karlova v Praze - Institut ekonomických studií
Keywords: absolute power; cooperative games; decisive situation; I-power; pivot; power indices; P-power; relative power; swing

Summary/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.

  • Issue Year: 1/2007
  • Issue No: 01
  • Page Range: 4-14
  • Page Count: 11
  • Language: English
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