The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the … apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal … representation in a federal central bank addressing this question. Optimal voting weights reflect two opposing forces: the wish to …

The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the … apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal … representation in a federal central bank addressing this question. Optimal voting weights reflect two opposing forces: the wish to …

The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the … apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal … representation in a federal central bank addressing this question. Optimal voting weights reflect two opposing forces: the wish to …

The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the … apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal … representation in a federal central bank addressing this question. Optimal voting weights reflect two opposing forces: the wish to …

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 distribution of voting weights among the member states proportionally to … square roots of population. Such a distribution should guarantee the same indirect voting power to each EU citizen, measured …

Voting power in voting situations is measured by the probability of changing decisions by altering the cast 'yes' or … change decisions. This theory is often applied to weighted voting situations, where voters can cast multiple votes. Measuring … reected by a voting game that is not any more simple. We use data from Scotland, Hungary and a number of other countries both …