Unpacking reputational power: Intended and unintended determinants of the assessment of actors' power

The idea behind the reputational measure for assessing power of political actors is that actors involved in a decision-making process have the best view of their fellows' power. There has been, however, no systematic examination of why actors consider other actors as powerful. Consequently, it is unclear whether reputational power measures what it ought to. The paper analyzes the determinants of power attribution and distinguishes intended from unintended determinants in a data-set of power assessment covering 10 political decision-making processes in Switzerland. Results are overall reassuring, but nevertheless point toward self-promotion or misperception biases, as informants systematically attribute more power to actors with whom they collaborate.

Who Is Influential and Why? The Determinants of Reputational Power

Power is one of the most fundamental concepts in political science, and it is a crucial aspect of decision-making structures. The distribution of power between political actors and coalitions of actors informs us about who is actually able to influence decision-making processes. It is thus no surprise that power is a centerpiece of our assessment of political decision-making in Switzerland. In line with the main argument of this book, Chapter 3 has uncovered important changes in decision-making structures, which resulted in a rebalancing of power between governing parties, interest groups and state executive actors. Conjecturing about the reasons that may account for these changes, we pointed to factors of an organizational and institutional nature. For example, we put forward the decline of pre-parliamentary procedures oriented towards corporatist intermediation as a possible explanation for the weakening of interest groups. More generally, in several chapters it has been suggested that there is a relationship between the institutional design of a decision-making process, the related importance of decision-making phases and an actor's participation in these phases on the one hand, and the power of actors (and coalitions of actors) on the other. In addition, the analyses carried out in Chapters 2 to 5 draw our attention to the differences in power structure across decision-making processes or types of processes.

The Brazilian real estate securitization market: determinants of pricing

Analisamos os determinantes de precificação de Certificados de Recebíveis Imobiliários (CRIs) com relação ao ativo objeto e níveis de garantias, controlando por variáveis de tamanho, prazo e rating. Verifica-se um prêmio médio adicional em CRIs de 1,0 p.p. quando comparados com debêntures de prazos semelhantes e de mesmo rating. A justificativa desse prêmio é analisada em duas frentes: (a) apesar de CRI seguir relativa padronização, encontramos que o papel pode representar diferentes níveis de risco e ativos-objeto; e (b) essa falta de padronização leva a níveis de precificação diferenciados por suas características específicas de riscos. Os diferentes níveis de risco são percebidos pelas diversas garantias utilizadas sendo que 41% das emissões possuem garantias pessoais de originadores (aval ou fiança). Conclui-se que existe, em geral, uma diferença de retornos positiva (o spread médio na emissão dos CRIs indexados à inflação foi de 321 bps superior à curva de juros de mercado), sendo mais preponderante a depender do segmento (prêmio para os segmentos residencial e loteamentos) e mitigado pelo nível de garantias oferecido. É possível verificar um prêmio médio de 1,4 p.p. para os segmentos residencial e de loteamentos. Algumas características das emissões foram analisadas como controle (tamanho, prazo e, por fim, das notas e origem da agência avaliadora de rating). Os CRIs de maior volume e maior prazo apresentam spreads menores. Quanto ao rating, os CRIs apresentam efeitos diversos a depender do segmento. Para CRIs residenciais, o efeito é positivo (redução de spread) caso a emissão seja avaliada por alguma agência de rating, enquanto que para os CRIs comerciais, o efeito é negativo. O efeito pode ser positivo para os CRIs comerciais (redução de spread) em caso de avaliação por agência de rating internacional ou possuir notas de rating superiores à nota ‘A’.

Report of the Delegation of the United States of America to the Inter-American Conference for the Maintenance of Peace,

Cordell Hull, chairman.

North Atlantic Treaty Organization : an alliance of shared values : report of the Delegation to NATO Countries--1982, of the Committee on Armed Services, House of Representatives, Ninety-seventh Congress, second session.

Mode of access: Internet.

Field administration of price stabilization /

"June 1953."

Effects of price changes on automobile driving: an exploration of alternative behavioral assumptions.

Mode of access: Internet.

Report of the Delegation to Eastern Caribbean and South American Countries of the Committee on Armed Services, House of Representatives, Ninety-eighth Congress, second session.

"February 1984."

Report of the delegation to Romania, Hungary, Federal Republic of Germany, and France, of the Committee on Armed Services, House of Representatives, Ninety-seventh Congress, first session.

Mode of access: Internet.

Report of the Delegation to Central America of the Committee on Armed Services, House of Representatives, Ninety-eighth Congress, second session.

Mode of access: Internet.

Determinants of youth attitudes and skills towards which drinking/driving prevention programs should be directed. Final report.

National Highway Traffic Safety Administration, Washington, D.C.

An analysis of the automobile market: modeling of the long-run determinants of the demand for automobiles. Volume III: appendices to the Wharton E.F.A. Automobile Demand Model. Final report.

Transportation Department, Washington, D.C.

Lebanon, limited interest, limited involvement, frequent accounting : report of the Delegation to Lebanon--1983 of the Committee on Armed Services, House of Representatives, Ninety-eight Congress, first session.

At head of title: 98th Congress, 1st session. Committee print. No. 9.

Report of the Delegation to East Asia of the Committee on Armed Services, House of Representatives, Ninety-eighth Congress, first session.

Mode of access: Internet.

Report of the delegation to Latin American countries --1982 of the Committee on Armed Services, House of Representatives, Ninety-seventh Congress, second session.

Mode of access: Internet.