The economic profession has widely examined the effects of the pension system on economic efficiency, intergenerational fairness and the sustainability of public finances, while less attention has been paid to the political decision making process. Yet, the essence of the problem is arguably a...

This article deals with the design of voting rules in the European Union (EU) Council. Both internal and external impact of the voting rules are examined. Internal impact affects the distribution of power among the Member States, and external impact affects power relations between the main...