Matches in SemOpenAlex for { <https://semopenalex.org/work/W1578486520> ?p ?o ?g. }
Showing items 1 to 83 of
83
with 100 items per page.
- W1578486520 abstract "In general in organisations whose system of governance involves weighted majority voting, power and voting weight differ. Power indices are a value concept for majority voting games which provide a means of analysing this difference. This paper provides new algorithms for computing the two classical power indices (the Banzhaf index and the Shapley-Shubik index) and applies them to the voting distribution in the two governing bodies of the IMF in each year since its foundation. The focus is both substantive, being an analysis of the political economy of the IMF, and methodological, as a study of the use of the power indices. Power relations are studied with respect to two types of decisions: ordinary decisions requiring a simple majority and decisions requiring a special majority of 80% or 85%. Clear cut results are obtained for the former: among the G5 countries discrepancies between power and voting weight have declined over time with the exception of the United States which continues to have much more power than its weight even though that weight has declined. In the nineteen forties the United Kingdom?s power was considerably below its relatively large nominal voting power, similarly to some extent for France. Both power indices give results which are qualitatively comparable. For decisions requiring special majorities, however, few general results emerge because of conflict between the indices. We examine the effect of the size of the majority requirement on the power of the leading members and find that the power of the US declines as the majority requirement increases. This result confirms the warnings of Keynes that the US insistence on retaining a national veto for itself might be counterproductive. We conclude that the special majority requirement creates a distortion in the voting system which can be regarded as a serious lack of transparency. We also examine the effect of the EU countries voting as a block rather than individually and show that it would be dominant and the US power would fall considerably. We conclude that it is not possible to make a clear choice between the two power indices used but that there is some indication that the Banzhaf index may be more plausible." @default.
- W1578486520 created "2016-06-24" @default.
- W1578486520 creator A5013711717 @default.
- W1578486520 date "1998-05-01" @default.
- W1578486520 modified "2023-09-27" @default.
- W1578486520 title "Power Relations in the IMF: A Study of the Political Economy of A Priori Voting Power Using the Theory of Simple Games" @default.
- W1578486520 hasPublicationYear "1998" @default.
- W1578486520 type Work @default.
- W1578486520 sameAs 1578486520 @default.
- W1578486520 citedByCount "0" @default.
- W1578486520 crossrefType "posted-content" @default.
- W1578486520 hasAuthorship W1578486520A5013711717 @default.
- W1578486520 hasConcept C105795698 @default.
- W1578486520 hasConcept C117763746 @default.
- W1578486520 hasConcept C121332964 @default.
- W1578486520 hasConcept C132778050 @default.
- W1578486520 hasConcept C136764020 @default.
- W1578486520 hasConcept C144237770 @default.
- W1578486520 hasConcept C149782125 @default.
- W1578486520 hasConcept C153668964 @default.
- W1578486520 hasConcept C162324750 @default.
- W1578486520 hasConcept C163258240 @default.
- W1578486520 hasConcept C167654663 @default.
- W1578486520 hasConcept C17744445 @default.
- W1578486520 hasConcept C199539241 @default.
- W1578486520 hasConcept C2776291640 @default.
- W1578486520 hasConcept C2777382242 @default.
- W1578486520 hasConcept C3018596841 @default.
- W1578486520 hasConcept C33923547 @default.
- W1578486520 hasConcept C41008148 @default.
- W1578486520 hasConcept C520049643 @default.
- W1578486520 hasConcept C62520636 @default.
- W1578486520 hasConcept C70095417 @default.
- W1578486520 hasConcept C94625758 @default.
- W1578486520 hasConceptScore W1578486520C105795698 @default.
- W1578486520 hasConceptScore W1578486520C117763746 @default.
- W1578486520 hasConceptScore W1578486520C121332964 @default.
- W1578486520 hasConceptScore W1578486520C132778050 @default.
- W1578486520 hasConceptScore W1578486520C136764020 @default.
- W1578486520 hasConceptScore W1578486520C144237770 @default.
- W1578486520 hasConceptScore W1578486520C149782125 @default.
- W1578486520 hasConceptScore W1578486520C153668964 @default.
- W1578486520 hasConceptScore W1578486520C162324750 @default.
- W1578486520 hasConceptScore W1578486520C163258240 @default.
- W1578486520 hasConceptScore W1578486520C167654663 @default.
- W1578486520 hasConceptScore W1578486520C17744445 @default.
- W1578486520 hasConceptScore W1578486520C199539241 @default.
- W1578486520 hasConceptScore W1578486520C2776291640 @default.
- W1578486520 hasConceptScore W1578486520C2777382242 @default.
- W1578486520 hasConceptScore W1578486520C3018596841 @default.
- W1578486520 hasConceptScore W1578486520C33923547 @default.
- W1578486520 hasConceptScore W1578486520C41008148 @default.
- W1578486520 hasConceptScore W1578486520C520049643 @default.
- W1578486520 hasConceptScore W1578486520C62520636 @default.
- W1578486520 hasConceptScore W1578486520C70095417 @default.
- W1578486520 hasConceptScore W1578486520C94625758 @default.
- W1578486520 hasLocation W15784865201 @default.
- W1578486520 hasOpenAccess W1578486520 @default.
- W1578486520 hasPrimaryLocation W15784865201 @default.
- W1578486520 hasRelatedWork W1479827136 @default.
- W1578486520 hasRelatedWork W1514641650 @default.
- W1578486520 hasRelatedWork W1521663148 @default.
- W1578486520 hasRelatedWork W1524525867 @default.
- W1578486520 hasRelatedWork W1533985021 @default.
- W1578486520 hasRelatedWork W1567262325 @default.
- W1578486520 hasRelatedWork W1908238009 @default.
- W1578486520 hasRelatedWork W1972280639 @default.
- W1578486520 hasRelatedWork W2016797133 @default.
- W1578486520 hasRelatedWork W2017344789 @default.
- W1578486520 hasRelatedWork W2094809282 @default.
- W1578486520 hasRelatedWork W2148150928 @default.
- W1578486520 hasRelatedWork W2217283418 @default.
- W1578486520 hasRelatedWork W2777159096 @default.
- W1578486520 hasRelatedWork W311415565 @default.
- W1578486520 hasRelatedWork W3121980838 @default.
- W1578486520 hasRelatedWork W3122733907 @default.
- W1578486520 hasRelatedWork W3125406094 @default.
- W1578486520 hasRelatedWork W3147797180 @default.
- W1578486520 hasRelatedWork W3148137275 @default.
- W1578486520 isParatext "false" @default.
- W1578486520 isRetracted "false" @default.
- W1578486520 magId "1578486520" @default.
- W1578486520 workType "article" @default.