Open AccessPosted Content
Fairness and Squareness : Fair Decision Making Rules in the EU Council?
TLDR
In this paper, the authors analyze the following problem: assuming that the distribution of voting weights in a simple voting committee is fair (whatever this means), how should we set up a voting rule to guarantee that the relative voting power is as close as possible to relative voting weights.Abstract:
In this paper we analyze the following problem: assuming that the distribution of voting weights in a simple voting committee is fair (whatever this means), how should we set up a voting rule to guarantee that the distribution of influence (relative voting power) is as close as possible to relative voting weights.read more
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Which Foreigners Are Worth Wooing? A Meta-Analysis of Vertical Spillovers from FDI
TL;DR: In this article, the authors collected 3,626 estimates from 57 empirical studies on between-sector spillovers and reviewed the literature quantitatively, finding that the underlying spillover to suppliers is positive and economically signicant, whereas the spilloff to buyers is insignicant.
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Long-range dependence in returns and volatility of Central European Stock Indices
TL;DR: In this article, a moving block bootstrap with pre-whitening and post-blackening is used for the construction of confidence intervals for the hypothesis testing, which shows that there is no significant long-range dependence in returns of all examined indices.
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Improving service performance in banking using quality adjusted data envelopment analysis
TL;DR: In this article, the authors describe the application of data envelopment analysis (DEA) to the performance evaluations of bank branches, focusing on how to incorporate the quality dimension into branch efficiency.
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Wavelet Analysis of Central European Stock Market Behaviour During the Crisis
Jozef Baruník,Lukas Vacha +1 more
TL;DR: In this article, the authors used wavelet analysis to decompose a time series into frequency components called scales and measure their energy contribution, and found that the energy of a scale is proportional to its wavelet variance.
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Loss, Default, and Loss Given Default Modeling
TL;DR: In this article, the authors study the problem of single-factor models where default and loss given default are driven by one systemic factor and by one or more idiosyncratic factors, and propose a relatively simple remedy of the problem requiring that the LGD parameter be estimated as a quantile on the required probability level.
References
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Journal ArticleDOI
A Method for Evaluating the Distribution of Power in a Committee System
Lloyd S. Shapley,Martin Shubik +1 more
TL;DR: The method of measuring power, based on a technique of the mathematical theory of games, is presented here to a number of illustrative cases, including the United States Congress, and is intended as a first step in the attack on these problems.
Book
The Measurement of Voting Power: Theory and Practice, Problems and Paradoxes
Dan S. Felsenthal,Moshé Machover +1 more
TL;DR: In this paper, a priori voting power in social choice theory is analyzed and a systematic and critical examination of the foundations and methodological assumptions underlying the theory is presented, as well as case study examples.
Book
The measurement of voting power
Dan S. Felsenthal,Moshé Machover +1 more
TL;DR: In this article, a monograph devoted to a systematic critical examination and exposition of the theory of a priori voting power is presented, including a reasoned distinction between two fundamental types of voting power, the authors' discoveries on the paradoxes of voting powers, and a novel analysis of decision rules that admit abstention.
Journal ArticleDOI
Is the allocation of voting power among EU states fair
Annick Laruelle,Mika Widgrén +1 more
TL;DR: In this article, the authors present a simple method to derive voting weights which lead to a fair allocation of power in the EU, which can not be claimed that the current voting process has a systematic bias in favor of certain states.