Decisions on common policies are often the outcome of a bargaining game played by members of a committee. This paper investigates whether policies are socially optimal when the members of a committee are delegates sent by different constituencies. A standard unanimity and a consensus oriented...

This paper investigates the power distribution in the actual and in an enlarged European Central Bank. By applying two different power indices (PI) it is shown that none of the voting rules described in the ECB statute yields a fair distribution of power. Moreover, it is demonstrated how the...