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The weighted voting system used by the International Monetary Fund creates problems of democratic legitimacy since each member's influence or voting power is not in general equal to its voting weight. Using voting power analysis to analyse both the Board of Governors and the Executive Board, we...
Persistent link: https://www.econbiz.de/10010593572
We discuss the reform of the voting rules at the heart of the governance of the IMF and World Bank (the BWIs) in terms of three principles that we suggest ought to be fundamental: simplicity, transparency and democratic legitimacy. By simplicity we mean that the rules should make sense in terms...
Persistent link: https://www.econbiz.de/10008566192
Much current research in functional MRI employs multivariate machine learning approaches (e.g., support vector machines) to detect fine-scale spatial patterns from the temporal fluctuations of the neural signal. The aim of many studies is not classification, however, but investigation of...
Persistent link: https://www.econbiz.de/10008532016
There is no consensus on the properties of voting power indices when there are a large number of voters in a weighted voting body. On the one hand, in some real-world cases that have been studied the power indices have been found to be nearly proportional to the weights (eg the EUCM, US...
Persistent link: https://www.econbiz.de/10008466286
We propose an empirically relevant measure of voting power that uses the information about real or assumed voting patterns conveyed by a joint probability distribution on the set of voting outcomes, and apply it to the voting data of the Supreme Court of the United States.
Persistent link: https://www.econbiz.de/10005368577
Lecture Notes prepared for Summer School, “EU Decision Making : Assessment and Design of Procedures”, San Sebastian, Spain, July 8-11, 2002.
Persistent link: https://www.econbiz.de/10005368671
The Double Majority rule in the Treaty is claimed to be simpler, more transparent and more democratic than the existing rule. We examine these questions against the democratic ideal that the votes of all citizens in whatever member country should be of equal value using voting power analysis...
Persistent link: https://www.econbiz.de/10005368693
Weighted voting games are ubiquitous mathematical models which are used in economics, political science, neuroscience, threshold logic, reliability theory and distributed systems. They model situations where agents with variable voting weight vote in favour of or against a decision. A coalition...
Persistent link: https://www.econbiz.de/10005368694
The constitutions of the Bretton Woods Institutions require decisions to be taken by weighted voting: each member country possesses a number of votes, depending on its quota allocation, all of which must always be cast as a bloc. This leads to a problem of democratic legitimacy since a...
Persistent link: https://www.econbiz.de/10005368734
We investigate the applicability of voting power indices, in particular the Penrose index (aka absolute Banzhaf index), in the analysis of voting blocs by means of a hypothetical voting body. We use the power of individual bloc members to study the implications of the formation of blocs and how...
Persistent link: https://www.econbiz.de/10005368771