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JOURNALS // Problemy Upravleniya // Archive

Probl. Upr., 2011 Issue 5, Pages 2–13 (Mi pu667)

Reviews

Methods for measuring voting power: state of the art

K. B. Pogorelskiy

Division of the Humanities and Social Sciences, California Institute of Technology, Pasadena, CA, USA

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.

UDC: 51-77



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