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Computing Power Indices for Large Voting Games

Management science, 2003-06, Vol.49 (6), p.831-837 [Peer Reviewed Journal]

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Title:
Computing Power Indices for Large Voting Games
Author: Leech, Dennis
Subjects: Approximation ; Computers ; Corporations ; Councils ; Elections ; Electoral college ; Electoral systems ; Empirical Game Theory ; Empiricism ; Error rates ; Game theory ; Games ; International financial institutions ; Majority voting ; Management science ; Mathematical models ; Methods ; Power Index ; Probability ; Research methods ; Shareholder voting ; Shareholders ; Stockholders ; Studies ; Voting ; Voting behaviour ; Weighted Majority Game ; Weighted Voting
Is Part Of: Management science, 2003-06, Vol.49 (6), p.831-837
Description: Voting power indices enable the analysis of the distribution of power in a legislature or voting body in which different members have different numbers of votes. Although this approach to the measurement of power has been known for a long time, its application to large games has been limited by the difficulty of computing these indices. This paper presents a new method for computing power indices that combines exact methods with an approximate method due to Owen. This method is of most utility in situations where the number of players is large and the voting weights are concentrated in the hands of a small number of members.
Publisher: Linthicum: INFORMS
Language: English
Identifier: ISSN: 0025-1909
EISSN: 1526-5501
DOI: 10.1287/mnsc.49.6.831.16024
CODEN: MNSCDI
Source: ProQuest One Psychology
RePEc
ProQuest Central

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