New Measure of Voting Power
Year: 2007 Volume: 1 Issue: 1 Pages: 4-14
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.
JEL classification: D71, D74
Keywords: absolute power, cooperative games, decisive situation, I-power, pivot, power
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