Abstract:
The paper considers the main approaches to the estimation of voting power based on power indices. Various types of power, critique of the indices from a theoretical point of view as well as general problems related to the use of a priori and a posteriori power indices and their verification is presented. Several applications of power indices are demonstrated, in particular for assessing power of shareholders in large corporations and in the International Monetary Fund.
Keywords:power indices, preference-based power indices, corporate governance.