For any simple voting game (SVG), we consider the question posed in the title from two different points of view as to what voting power means. We also distinguish between blocs imposed by annexation and those formed voluntarily, and present some general theoretical results concerning these...

There is a need for an impartial international tribunal to consider requests for approval of repudiations of developing nations' debts. At present, debt relief is available as largess from the "Paris Club" of creditor nations or the "London Club" of commercial banks, but a nation that is treated...

The efficiency of mechanisms to control CO2 emissions is limited by disagreement about the harm from these emissions. Thus existing emission control mechanisms require negotiated compromise regarding either the efficient price or the level of emissions to be tolerated. As an alternative to...

There are three separate strands of literature in economics that are related to the efficiency of takings under eminent domain: one addresses the question of optimal compensation for properties that are taken, a second inquires how governments might learn the values of properties that they...