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The concept of fair representation of voters in a committee representing different voters' groups, such as national representations in union of states, is discussed. This concept, introduced into discussion about voting rights in the Council of European Union in 2004, was narrowed to proposal of...
Persistent link: https://www.econbiz.de/10003790289
The Coleman Power of the Collectivity to Act (CPCA) is a popular statistic that reflects the ability of a committee to pass a proposal. Applying the Shapley value to this measure, we derive a new power index that indicates each voter's contribution to the CPCA. This index is characterized by...
Persistent link: https://www.econbiz.de/10011844627
The member states have self-interested objectives and they use their voting power in the Council of Ministers (CM) to maximize their shares from the EU budget, whereas European Parliament (EP) uses its power to support benevolent objectives and equality between member states. Given the current...
Persistent link: https://www.econbiz.de/10003774746
The European Union (EU) is not de jure a federation, but after 50 years of institutional evolution it possesses attributes of a federal state. One can conclude that EU is something betweenʺ federation and intergovernmental organization. If we measure something betweenʺ by interval [0, 1],...
Persistent link: https://www.econbiz.de/10003880077
The European Union used to make decisions by unanimity or near unanimity. After a series of extensions, with 27 member states the present decision making mechanisms have become very slow and assigned power to the members in an arbitrary way. The new decision rules accepted as part of the Lisbon...
Persistent link: https://www.econbiz.de/10008668728
Power indices suggest that adding new members to a voting body may increase the power of an existing member, even if the number of votes of all existing members and the decision rule remain constant. This phenomenon is known as the paradox of new members. This paper uses the leading model of...
Persistent link: https://www.econbiz.de/10008747121
Power indices suggest that adding new members to a voting body may increase the power of an existing member, even if the number of votes of all existing members and the decision rule remain constant. This phenomenon is known as the paradox of new members. This paper shows that the paradox has...
Persistent link: https://www.econbiz.de/10003594384
reject one of these approaches. The unified formulation allows us to develop useful related concepts of efficiency and … is shown. -- voting power indices ; power gradient ; coefficient of representation ; expected decisiveness ; efficiency …
Persistent link: https://www.econbiz.de/10009731164
decision efficiency as proposed by Coleman and Paterson. Hitherto, IMF-specific literature is PBI-based. However, theoretical …. SSI-related estimates of veto power are generally lower than the Coleman indices. Correspondingly, the efficiency of …
Persistent link: https://www.econbiz.de/10009734684
Using detailed loan transactions-level data we examine the efficiency of an overnight interbank lending market, and the …
Persistent link: https://www.econbiz.de/10009627565