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A power measure is monotone if a player with a larger weight is assigned at least as much power as a player with a smaller weight in the same weighted majority game. Failure of a power index to satisfy monotonicity is often considered a pathological feature. In this paper, we show that...
Persistent link: https://www.econbiz.de/10010392418
The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile takeover of Mannesmann in 2000 and it is again in the spotlight since the outbreak of the financial crisis of 2009. Based on unique panel data evidence of the 500 largest firms...
Persistent link: https://www.econbiz.de/10010427621
Similarities and differences will be demonstrated between Chinese and Hungarian party-state systems. We define the role of reforms in the self-reproduction of both party-states. We shall demonstrate how different patterns of power distribution lead to the implementation of different reforms. We...
Persistent link: https://www.econbiz.de/10010494393
This study examines the effects of fragmented governments and fiscal authorities on budget deficits in Turkey along with political business cycle effects. For econometric analysis we will use annual data from the period of 1960-2009. This paper sheds light on various dispersion indices and their...
Persistent link: https://www.econbiz.de/10010500175
Die Bürgerinnen und die Bürger können im Staat nicht alles selbst entscheiden. Sie brauchen Repräsentanten. Charles B. Blankart, Humboldt-Universität zu Berlin und Universität Luzern, und Dennis C. Mueller, Universität Wien, stellen in ihrem Kommentar fünf Regierungsmodelle vor und...
Persistent link: https://www.econbiz.de/10011693686
Das Phänomen der Macht ist seit jeher ein Faszinosum. Es scheint im menschlichen Dasein allgegenwärtig zu sein, und es … der (theoretischen) Annäherung an dieses Phänomen gegeben, und es besteht der nicht unbegründete Verdacht, dass Macht zu … befriedigende theoretische Aufarbeitung der Macht allerdings bis heute aus. Die Ökonomik hat das Thema Macht bislang eher …
Persistent link: https://www.econbiz.de/10011733706
We show that bounds like those of Al-Najjar and Smorodinsky (J. Econ. Theory, 2000) as well as of Gradwohl et al. (Math. Oper. Res., 2009) on the number of alpha-pivotal agents can be obtained by decomposition of variance. All these bounds have a similar asymptotic behaviour, up to constant...
Persistent link: https://www.econbiz.de/10011753206
Persistent link: https://www.econbiz.de/10011810052
argumentieren, dass Foucault, insbesondere seine Konzepte von Diskurs und Macht, eine Perspektive auf soziale Bewegungen und Protest …
Persistent link: https://www.econbiz.de/10010311843
This paper addresses the discussion between economic power and the power of politics with particular focus on financial markets. After general reflections about the economic basis of power, the paper discusses in a general equilibrium framework how financial innovations can lead to risk creation...
Persistent link: https://www.econbiz.de/10010316928