Generating functions for coalitional power indices: An application to the IMF

Generating functions for coalitional power indices: An application to the IMF

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Article ID: iaor2006291
Country: Netherlands
Volume: 137
Issue: 1
Start Page Number: 21
End Page Number: 44
Publication Date: Jul 2005
Journal: Annals of Operations Research
Authors: ,
Abstract:

This paper provides “ready-to-apply” procedures, based on generating functions, which allow to compute power indices in weighted majority games restricted by an a priori system of unions. We illustrate these methods by an application to the International Monetary Fund. We compare the empirical properties of the coalitional and traditional power indices keeping the game fixed or allowing for variations in its set of parameters.

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