An Empirical Comparison of the Performance of Classical Power Indices

  title={An Empirical Comparison of the Performance of Classical Power Indices},
  author={Dennis Leech},
Power indices are general measures of the relative a priori voting power of individual members of a voting body. They are useful for both positive and normative analysis of voting bodies particularly those using weighted voting. This paper applies new algorithms for computing the rival Shapley-Shubik and Banzhaf indices for large voting bodies to shareholder voting power in a cross section of British companies. Each company is a separate voting body and there is much variation in ownership… CONTINUE READING

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