The Average Representation - A Cornucopia of Power Indices?
10 Pages Posted: 6 May 2014
Date Written: May 5, 2014
For the classical power indices there is a disproportion between power and relative weights, in general. We introduce two new indices, based on weighted representations, which are proportional to suitable relative weights and which also share several important properties of the classical power indices. Imposing further restrictions on the set of representations may lead to a whole family of such indices.
Keywords: voting power, power indices, proportionality, weighted majority games, representations
JEL Classification: C71, D71
Suggested Citation: Suggested Citation