New Measure of Voting Power
New Measure of Voting Power
Author(s): František TurnovecSubject(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.
Journal: Czech Economic Review
- Issue Year: 1/2007
- Issue No: 01
- Page Range: 4-14
- Page Count: 11
- Language: English