We study the effects of institutional constraints on stability and efficiency in the “one-way flow” model of network formation. In this model the information that flows through a link between two players runs only towards the player that initiates and supports the link, so in order for it to...

We provide a model that bridges the gap between the simplest variation of two benchmark models of strategic network formation: Bala and Goyal’s two-way flow model without decay, where links can be unilaterally formed, and a variation of Jackson and Wolinsky’s model based on bilateral...

In this paper we propose a simple model for measuring ‘success’ or ‘decisiveness’ in voting situations. For an assessment of these features two inputs are claimed to be necessary: the voting rule and the voters’ behavior. The voting rule specifies when a proposal is to be accepted or...

We provide an axiomatic foundation of the expected utility preferences over lotteries on roles in simple superadditive games represented by the two main power indices, the Shapley-Shubik index and the Banzhaf index, when they are interpreted as von Neumann-Morgenstern utility functions. Our...

This paper connects two notions: Hart and Mas-Colell’s ‘potential’, related to the value of coalitional games, and Coleman’s earlier notion of ‘power of a collectivity to act’, related to the easiness to make decisions by means of a voting rule. Copyright...

Power indices are meant to assess the power that a voting rule confers a priori to each of the decision makers who use it. In order to test and compare them, some authors have proposed ‘natural’ postulates that a measure of a priori voting power ‘should’ satisfy, the violations of which...