How Should Votes Be Weighted to Reflect the Existing and “Calculated” Distribution of Voting Power of Weighted Voting Organizations Integrating Different Majority Requirements?

Author(s):  
Michèle Khouri-Hagot ◽  
Bertrand Lemennicier
2000 ◽  
Vol 9 (2) ◽  
Author(s):  
František Turnovec

The paper introduces concept of power indices with constraints on voting configuration formation, so called constrained power indices. It is shown in the paper that some of most frequently used power indices based on extremely simple model of weighted voting game can be extended for more sophisticated models of voting situations.


2002 ◽  
Vol 50 (1) ◽  
pp. 1-22 ◽  
Author(s):  
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 between them resulting in different power structures. Because the data are incomplete, both finite and ‘oceanic’ games of shareholder voting are analysed. The indices are appraised, using reasonable criteria, from the literature on corporate control. The results are unfavourable to the Shapley-Shubik index and suggest that the Banzhaf index much better reflects the variations in the power of shareholders between companies as the weights of shareholder blocs vary.


2004 ◽  
Vol 34 (4) ◽  
pp. 657-674 ◽  
Author(s):  
ANDREW GELMAN ◽  
JONATHAN N. KATZ ◽  
JOSEPH BAFUMI

Voting power indexes such as that of Banzhaf are derived, explicitly or implicitly, from the assumption that all votes are equally likely (i.e., random voting). That assumption implies that the probability of a vote being decisive in a jurisdiction with n voters is proportional to 1/√n. In this article the authors show how this hypothesis has been empirically tested and rejected using data from various US and European elections. They find that the probability of a decisive vote is approximately proportional to 1/n. The random voting model (and, more generally, the square-root rule) overestimates the probability of close elections in larger jurisdictions. As a result, classical voting power indexes make voters in large jurisdictions appear more powerful than they really are. The most important political implication of their result is that proportionally weighted voting systems (that is, each jurisdiction gets a number of votes proportional to n) are basically fair. This contradicts the claim in the voting power literature that weights should be approximately proportional to √n.


2020 ◽  
Vol 39 (4) ◽  
pp. 31-55
Author(s):  
Chiraz Ben Ali ◽  
Sabri Boubaker ◽  
Michel Magnan

SUMMARY This paper examines whether multiple large shareholders (MLS) affect audit fees in firms where the largest controlling shareholder (LCS) is a family. Results show that there is a negative relationship between audit fees and the presence, number, and voting power of MLS. This is consistent with the view that auditors consider MLS as playing a monitoring role over the LCS, mitigating the potential for expropriation by the LCS. Therefore, our evidence suggests that auditors reduce their audit risk assessment and audit effort and ultimately audit fees in family controlled firms with MLS. Data Availability: Data are available from the public sources cited in the text. JEL Classifications: G32; G34; M42; D86.


2021 ◽  
Vol 11 (11) ◽  
pp. 5072
Author(s):  
Byung-Kook Koo ◽  
Ji-Won Baek ◽  
Kyung-Yong Chung

Traffic accidents are emerging as a serious social problem in modern society but if the severity of an accident is quickly grasped, countermeasures can be organized efficiently. To solve this problem, the method proposed in this paper derives the MDG (Mean Decrease Gini) coefficient between variables to assess the severity of traffic accidents. Single models are designed to use coefficient, independent variables to determine and predict accident severity. The generated single models are fused using a weighted-voting-based bagging method ensemble to consider various characteristics and avoid overfitting. The variables used for predicting accidents are classified as dependent or independent and the variables that affect the severity of traffic accidents are predicted using the characteristics of causal relationships. Independent variables are classified as categorical and numerical variables. For this reason, a problem arises when the variation among dependent variables is imbalanced. Therefore, a harmonic average is applied to the weights to maintain the variables’ balance and determine the average rate of change. Through this, it is possible to establish objective criteria for determining the severity of traffic accidents, thereby improving reliability.


Author(s):  
Sanjay Bhattacherjee ◽  
Palash Sarkar

AbstractThe Goods and Services Tax (GST) Council of India has a non-conventional weighted voting procedure having a primary player who is a blocker and a set of secondary players. The voting weights are not fixed and are determined based on the subset of players which participate in the voting. We introduce the notion of voting schema to formally model such a voting procedure. Individual voting games arise from a voting schema depending on the subset of secondary players who participate in the voting. We make a detailed formal study of the trade-off between the minimal sizes of winning and blocking coalitions in the voting games that can arise from a voting schema. Finally, the GST voting procedure is assessed using the theoretical results leading to suggestions for improvement.


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