{"id":19676,"date":"2017-11-26T18:35:22","date_gmt":"2017-11-26T18:35:22","guid":{"rendered":"http:\/\/www.bnreport.com\/eu-agency-vision-contest\/"},"modified":"2017-11-26T18:35:28","modified_gmt":"2017-11-26T18:35:28","slug":"eu-agency-vision-contest","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/eu-agency-vision-contest\/","title":{"rendered":"EU-agency-vision contest"},"content":{"rendered":"

There will be fewer disco balls, less dry ice and almost certainly no bearded divas, but the race to host the EU agencies leaving London post Brexit has one important thing in common with the Eurovision Song Contest \u2014 the voting system is so complex almost anything could happen.<\/p>\n

Ministers from the 27 countries remaining in the EU after Brexit will gather at the General Affairs Council in Brussels Monday to decide which two cities will play host to the European Medicines Agency (EMA) and European Banking Authority (EBA) once they leave London post Brexit.<\/p>\n

The political horse-trading has already started, with backroom deals and promises of high-level favors<\/a> on offer from the 19 cities bidding for the EMA and the eight in the running for the EBA. But even the most strategic of diplomatic players are likely to find their efforts thwarted by the complexity of the three-round secret voting process<\/a>. In the first round, each country has a first, second and third choice ballot to cast, but voting can then move to run-off votes between the three and then the two highest placed bids.<\/p>\n

Though the multi-round voting for the agencies is more complex, Dr. Laura Spierdijk, a professor in econometrics at the University of Groningen in the Netherlands who co-authored a study on Eurovision voting sees parallels with the song contest. \u201cResearch on the Eurovision song contest has shown this kind of voting system tends towards regional biases and other kinds of biases which are unrelated to the songs\u2019 quality. Here, other factors will play a role that are not really related to what the best location is for an agency,\u201d she said.<\/p>\n

\n

As in Eurovision, Baio suggests that voting by regional blocs is likely to emerge.<\/p>\n<\/blockquote>\n

Dr. Gianluca Baio, an expert in Bayesian statistical modeling at University College London who has also worked on Eurovision voting, says that some countries\u2019 bids could be more about garnering favors than a serious attempt at hosting the agency. \u201cIt may be that some bids would be put out for the first round of votes to spice things up, and get more leverage \u2026 [for example] on behalf of the Baltic countries, you put out a bid that is unlikely to get votes, but it gives them some power,\u201d he said.<\/p>\n

That could be an even more potent strategy in the agency fight because there are two prizes on offer which must go to different countries. France, for example, is bidding for the EMA in Lille and the EBA in Paris but it will not be able to win both.<\/p>\n

As in Eurovision, Baio suggests that voting by regional blocs is likely to emerge. Already, Hungary has said<\/a> it will support Slovakia for the EMA, and the Greek European affairs minister, Georgios Katrougalos, has said<\/a> its \u201cbasic strategy is a Mediterranean countries alliance for the first and second round of voting.\u201d<\/p>\n

Another possibility is a strong contender might vote strategically for a weaker bid it thinks it can beat in the final round. But that could backfire if the supposedly weaker bid attracts a strong bloc of regional support. \u201cThere will be strategic voting. Serious contenders will have an incentive to push weak contenders in the early rounds, as that simplifies their life if they end up against a weak candidate in the last round,\u201d said Laurent Bouton, associate professor of economics at Georgetown University.<\/p>\n

<\/p>\n

\u201cCountries who did not submit a candidacy may have incentives to push strong candidates, especially in the next to last round, in order for the competition in the last round to be fierce. That should allow them to extract more political favors in exchange for their votes,\u201d he added.<\/p>\n

All this could result in a highly unpredictable result, with the agencies possibly ending up in a country where most staff don\u2019t want to move<\/a>. \u201cIt may lead to some chaotic results that have little connection to the preferences of the actual voters,\u201d said Benny Moldovanu, a professor of microeconomics at the University of Bonn.<\/p>\n

One thing is for sure though \u2014 with the two lucrative agencies leaving its shores, on Monday the U.K. will be receiving null points.<\/p>\n

Original Article<\/a><\/p>\n

[contf]
\n[contfnew]
\n <\/p>\n

<\/a><\/h5>\n","protected":false},"excerpt":{"rendered":"

There will be fewer disco balls, less dry ice and almost certainly no bearded divas, but the race to host the EU agencies leaving London post Brexit has one important thing in common with the Eurovision Song Contest \u2014 the voting system is so complex almost anything could happen.<\/p>\n

Ministers from the 27 countries remaining in the EU after Brexit will gather at the General Affairs Council in Brussels Monday to decide which two cities will play host to the European Medicines Agency (EMA) and European Banking Authority (EBA) once they leave London post Brexit.<\/p>\n

The political horse-trading has already started, with backroom deals and promises of high-level favors on offer from the 19 cities bidding for the EMA and the eight in the running for the EBA. But even the most strategic of diplomatic players are likely to find their efforts thwarted by the complexity of the three-round secret voting process. In the first round, each country has a first, second and third choice ballot to cast, but voting can then move to run-off votes between the three and then the two highest placed bids.<\/p>\n

Though the multi-round voting for the agencies is more complex, Dr. Laura Spierdijk, a professor in econometrics at the University of Groningen in the Netherlands who co-authored a study on Eurovision voting sees parallels with the song contest. \u201cResearch on the Eurovision song contest has shown this kind of voting system tends towards regional biases and other kinds of biases which are unrelated to the songs\u2019 quality. Here, other factors will play a role that are not really related to what the best location is for an agency,\u201d she said.<\/p>\n

As in Eurovision, Baio suggests that voting by regional blocs is likely to emerge.<\/p>\n

Dr. Gianluca Baio, an expert in Bayesian statistical modeling at University College London who has also worked on Eurovision voting, says that some countries\u2019 bids could be more about garnering favors than a serious attempt at hosting the agency. \u201cIt may be that some bids would be put out for the first round of votes to spice things up, and get more leverage \u2026 [for example] on behalf of the Baltic countries, you put out a bid that is unlikely to get votes, but it gives them some power,\u201d he said.<\/p>\n

That could be an even more potent strategy in the agency fight because there are two prizes on offer which must go to different countries. France, for example, is bidding for the EMA in Lille and the EBA in Paris but it will not be able to win both.<\/p>\n

As in Eurovision, Baio suggests that voting by regional blocs is likely to emerge. Already, Hungary has said it will support Slovakia for the EMA, and the Greek European affairs minister, Georgios Katrougalos, has said its \u201cbasic strategy is a Mediterranean countries alliance for the first and second round of voting.\u201d<\/p>\n

Another possibility is a strong contender might vote strategically for a weaker bid it thinks it can beat in the final round. But that could backfire if the supposedly weaker bid attracts a strong bloc of regional support. \u201cThere will be strategic voting. Serious contenders will have an incentive to push weak contenders in the early rounds, as that simplifies their life if they end up against a weak candidate in the last round,\u201d said Laurent Bouton, associate professor of economics at Georgetown University.<\/p>\n

\u201cCountries who did not submit a candidacy may have incentives to push strong candidates, especially in the next to last round, in order for the competition in the last round to be fierce. That should allow them to extract more political favors in exchange for their votes,\u201d he added.<\/p>\n

All this could result in a highly unpredictable result, with the agencies possibly ending up in a country where most staff don\u2019t want to move. \u201cIt may lead to some chaotic results that have little connection to the preferences of the actual voters,\u201d said Benny Moldovanu, a professor of microeconomics at the University of Bonn.<\/p>\n

One thing is for sure though \u2014 with the two lucrative agencies leaving its shores, on Monday the U.K. will be receiving null points.<\/p>\n

Original Article<\/p>\n

[contf]
\n[contfnew]<\/p>\n","protected":false},"author":1,"featured_media":19677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"class_list":["post-19676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health"],"yoast_head":"\nEU-agency-vision contest - Business News Report<\/title>\n<meta name=\"description\" content=\"There will be fewer disco balls, less dry ice and almost certainly no bearded divas, but the race to host the EU agencies leaving London post Brexit has one important thing in common with the Eurovision Song Contest \u2014 the voting system is so complex almost anything could happen. Ministers from the 27 countries remaining in the EU after Brexit will gather at the General Affairs Council in Brussels Monday to decide which two cities will play host to the European Medicines Agency (EMA) and European Banking Authority (EBA) once they leave London post Brexit. The political horse-trading has already started, with backroom deals and promises of high-level favors on offer from the 19 cities bidding for the EMA and the eight in the running for the EBA. But even the most strategic of diplomatic players are likely to find their efforts thwarted by the complexity of the three-round secret voting process. In the first round, each country has a first, second and third choice ballot to cast, but voting can then move to run-off votes between the three and then the two highest placed bids. Though the multi-round voting for the agencies is more complex, Dr. Laura Spierdijk, a professor in econometrics at the University of Groningen in the Netherlands who co-authored a study on Eurovision voting sees parallels with the song contest. \u201cResearch on the Eurovision song contest has shown this kind of voting system tends towards regional biases and other kinds of biases which are unrelated to the songs\u2019 quality. Here, other factors will play a role that are not really related to what the best location is for an agency,\u201d she said. As in Eurovision, Baio suggests that voting by regional blocs is likely to emerge. Dr. Gianluca Baio, an expert in Bayesian statistical modeling at University College London who has also worked on Eurovision voting, says that some countries\u2019 bids could be more about garnering favors than a serious attempt at hosting the agency. \u201cIt may be that some bids would be put out for the first round of votes to spice things up, and get more leverage \u2026 on behalf of the Baltic countries, you put out a bid that is unlikely to get votes, but it gives them some power,\u201d he said. That could be an even more potent strategy in the agency fight because there are two prizes on offer which must go to different countries. France, for example, is bidding for the EMA in Lille and the EBA in Paris but it will not be able to win both. As in Eurovision, Baio suggests that voting by regional blocs is likely to emerge. Already, Hungary has said it will support Slovakia for the EMA, and the Greek European affairs minister, Georgios Katrougalos, has said its \u201cbasic strategy is a Mediterranean countries alliance for the first and second round of voting.\u201d Another possibility is a strong contender might vote strategically for a weaker bid it thinks it can beat in the final round. But that could backfire if the supposedly weaker bid attracts a strong bloc of regional support. \u201cThere will be strategic voting. Serious contenders will have an incentive to push weak contenders in the early rounds, as that simplifies their life if they end up against a weak candidate in the last round,\u201d said Laurent Bouton, associate professor of economics at Georgetown University. \u201cCountries who did not submit a candidacy may have incentives to push strong candidates, especially in the next to last round, in order for the competition in the last round to be fierce. That should allow them to extract more political favors in exchange for their votes,\u201d he added. All this could result in a highly unpredictable result, with the agencies possibly ending up in a country where most staff don\u2019t want to move. \u201cIt may lead to some chaotic results that have little connection to the preferences of the actual voters,\u201d said Benny Moldovanu, a professor of microeconomics at the University of Bonn. One thing is for sure though \u2014 with the two lucrative agencies leaving its shores, on Monday the U.K. will be receiving null points. Original Article\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/eu-agency-vision-contest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU-agency-vision contest - Business News Report\" \/>\n<meta property=\"og:description\" content=\"There will be fewer disco balls, less dry ice and almost certainly no bearded divas, but the race to host the EU agencies leaving London post Brexit has one important thing in common with the Eurovision Song Contest \u2014 the voting system is so complex almost anything could happen. Ministers from the 27 countries remaining in the EU after Brexit will gather at the General Affairs Council in Brussels Monday to decide which two cities will play host to the European Medicines Agency (EMA) and European Banking Authority (EBA) once they leave London post Brexit. The political horse-trading has already started, with backroom deals and promises of high-level favors on offer from the 19 cities bidding for the EMA and the eight in the running for the EBA. But even the most strategic of diplomatic players are likely to find their efforts thwarted by the complexity of the three-round secret voting process. In the first round, each country has a first, second and third choice ballot to cast, but voting can then move to run-off votes between the three and then the two highest placed bids. Though the multi-round voting for the agencies is more complex, Dr. Laura Spierdijk, a professor in econometrics at the University of Groningen in the Netherlands who co-authored a study on Eurovision voting sees parallels with the song contest. \u201cResearch on the Eurovision song contest has shown this kind of voting system tends towards regional biases and other kinds of biases which are unrelated to the songs\u2019 quality. Here, other factors will play a role that are not really related to what the best location is for an agency,\u201d she said. As in Eurovision, Baio suggests that voting by regional blocs is likely to emerge. Dr. Gianluca Baio, an expert in Bayesian statistical modeling at University College London who has also worked on Eurovision voting, says that some countries\u2019 bids could be more about garnering favors than a serious attempt at hosting the agency. \u201cIt may be that some bids would be put out for the first round of votes to spice things up, and get more leverage \u2026 on behalf of the Baltic countries, you put out a bid that is unlikely to get votes, but it gives them some power,\u201d he said. That could be an even more potent strategy in the agency fight because there are two prizes on offer which must go to different countries. France, for example, is bidding for the EMA in Lille and the EBA in Paris but it will not be able to win both. As in Eurovision, Baio suggests that voting by regional blocs is likely to emerge. Already, Hungary has said it will support Slovakia for the EMA, and the Greek European affairs minister, Georgios Katrougalos, has said its \u201cbasic strategy is a Mediterranean countries alliance for the first and second round of voting.\u201d Another possibility is a strong contender might vote strategically for a weaker bid it thinks it can beat in the final round. But that could backfire if the supposedly weaker bid attracts a strong bloc of regional support. \u201cThere will be strategic voting. Serious contenders will have an incentive to push weak contenders in the early rounds, as that simplifies their life if they end up against a weak candidate in the last round,\u201d said Laurent Bouton, associate professor of economics at Georgetown University. \u201cCountries who did not submit a candidacy may have incentives to push strong candidates, especially in the next to last round, in order for the competition in the last round to be fierce. That should allow them to extract more political favors in exchange for their votes,\u201d he added. All this could result in a highly unpredictable result, with the agencies possibly ending up in a country where most staff don\u2019t want to move. \u201cIt may lead to some chaotic results that have little connection to the preferences of the actual voters,\u201d said Benny Moldovanu, a professor of microeconomics at the University of Bonn. One thing is for sure though \u2014 with the two lucrative agencies leaving its shores, on Monday the U.K. will be receiving null points. Original Article\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/eu-agency-vision-contest\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-26T18:35:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-11-26T18:35:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2017\/11\/GettyImages-489236971-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"4720\" \/>\n\t<meta property=\"og:image:height\" content=\"2920\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/eu-agency-vision-contest\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/eu-agency-vision-contest\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"EU-agency-vision contest\",\"datePublished\":\"2017-11-26T18:35:22+00:00\",\"dateModified\":\"2017-11-26T18:35:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/eu-agency-vision-contest\\\/\"},\"wordCount\":696,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/eu-agency-vision-contest\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2017\\\/11\\\/GettyImages-489236971-1.jpg\",\"articleSection\":[\"Health\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/eu-agency-vision-contest\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/eu-agency-vision-contest\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/eu-agency-vision-contest\\\/\",\"name\":\"EU-agency-vision contest - Business News Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/eu-agency-vision-contest\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/eu-agency-vision-contest\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2017\\\/11\\\/GettyImages-489236971-1.jpg\",\"datePublished\":\"2017-11-26T18:35:22+00:00\",\"dateModified\":\"2017-11-26T18:35:28+00:00\",\"description\":\"There will be fewer disco balls, less dry ice and almost certainly no bearded divas, but the race to host the EU agencies leaving London post Brexit has one important thing in common with the Eurovision Song Contest \u2014 the voting system is so complex almost anything could happen. Ministers from the 27 countries remaining in the EU after Brexit will gather at the General Affairs Council in Brussels Monday to decide which two cities will play host to the European Medicines Agency (EMA) and European Banking Authority (EBA) once they leave London post Brexit. The political horse-trading has already started, with backroom deals and promises of high-level favors on offer from the 19 cities bidding for the EMA and the eight in the running for the EBA. But even the most strategic of diplomatic players are likely to find their efforts thwarted by the complexity of the three-round secret voting process. In the first round, each country has a first, second and third choice ballot to cast, but voting can then move to run-off votes between the three and then the two highest placed bids. Though the multi-round voting for the agencies is more complex, Dr. Laura Spierdijk, a professor in econometrics at the University of Groningen in the Netherlands who co-authored a study on Eurovision voting sees parallels with the song contest. \u201cResearch on the Eurovision song contest has shown this kind of voting system tends towards regional biases and other kinds of biases which are unrelated to the songs\u2019 quality. Here, other factors will play a role that are not really related to what the best location is for an agency,\u201d she said. As in Eurovision, Baio suggests that voting by regional blocs is likely to emerge. Dr. Gianluca Baio, an expert in Bayesian statistical modeling at University College London who has also worked on Eurovision voting, says that some countries\u2019 bids could be more about garnering favors than a serious attempt at hosting the agency. \u201cIt may be that some bids would be put out for the first round of votes to spice things up, and get more leverage \u2026 on behalf of the Baltic countries, you put out a bid that is unlikely to get votes, but it gives them some power,\u201d he said. That could be an even more potent strategy in the agency fight because there are two prizes on offer which must go to different countries. France, for example, is bidding for the EMA in Lille and the EBA in Paris but it will not be able to win both. As in Eurovision, Baio suggests that voting by regional blocs is likely to emerge. Already, Hungary has said it will support Slovakia for the EMA, and the Greek European affairs minister, Georgios Katrougalos, has said its \u201cbasic strategy is a Mediterranean countries alliance for the first and second round of voting.\u201d Another possibility is a strong contender might vote strategically for a weaker bid it thinks it can beat in the final round. But that could backfire if the supposedly weaker bid attracts a strong bloc of regional support. \u201cThere will be strategic voting. Serious contenders will have an incentive to push weak contenders in the early rounds, as that simplifies their life if they end up against a weak candidate in the last round,\u201d said Laurent Bouton, associate professor of economics at Georgetown University. \u201cCountries who did not submit a candidacy may have incentives to push strong candidates, especially in the next to last round, in order for the competition in the last round to be fierce. That should allow them to extract more political favors in exchange for their votes,\u201d he added. All this could result in a highly unpredictable result, with the agencies possibly ending up in a country where most staff don\u2019t want to move. \u201cIt may lead to some chaotic results that have little connection to the preferences of the actual voters,\u201d said Benny Moldovanu, a professor of microeconomics at the University of Bonn. One thing is for sure though \u2014 with the two lucrative agencies leaving its shores, on Monday the U.K. will be receiving null points. 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Ministers from the 27 countries remaining in the EU after Brexit will gather at the General Affairs Council in Brussels Monday to decide which two cities will play host to the European Medicines Agency (EMA) and European Banking Authority (EBA) once they leave London post Brexit. The political horse-trading has already started, with backroom deals and promises of high-level favors on offer from the 19 cities bidding for the EMA and the eight in the running for the EBA. But even the most strategic of diplomatic players are likely to find their efforts thwarted by the complexity of the three-round secret voting process. In the first round, each country has a first, second and third choice ballot to cast, but voting can then move to run-off votes between the three and then the two highest placed bids. Though the multi-round voting for the agencies is more complex, Dr. Laura Spierdijk, a professor in econometrics at the University of Groningen in the Netherlands who co-authored a study on Eurovision voting sees parallels with the song contest. \u201cResearch on the Eurovision song contest has shown this kind of voting system tends towards regional biases and other kinds of biases which are unrelated to the songs\u2019 quality. Here, other factors will play a role that are not really related to what the best location is for an agency,\u201d she said. As in Eurovision, Baio suggests that voting by regional blocs is likely to emerge. Dr. Gianluca Baio, an expert in Bayesian statistical modeling at University College London who has also worked on Eurovision voting, says that some countries\u2019 bids could be more about garnering favors than a serious attempt at hosting the agency. \u201cIt may be that some bids would be put out for the first round of votes to spice things up, and get more leverage \u2026 on behalf of the Baltic countries, you put out a bid that is unlikely to get votes, but it gives them some power,\u201d he said. That could be an even more potent strategy in the agency fight because there are two prizes on offer which must go to different countries. France, for example, is bidding for the EMA in Lille and the EBA in Paris but it will not be able to win both. As in Eurovision, Baio suggests that voting by regional blocs is likely to emerge. Already, Hungary has said it will support Slovakia for the EMA, and the Greek European affairs minister, Georgios Katrougalos, has said its \u201cbasic strategy is a Mediterranean countries alliance for the first and second round of voting.\u201d Another possibility is a strong contender might vote strategically for a weaker bid it thinks it can beat in the final round. But that could backfire if the supposedly weaker bid attracts a strong bloc of regional support. \u201cThere will be strategic voting. Serious contenders will have an incentive to push weak contenders in the early rounds, as that simplifies their life if they end up against a weak candidate in the last round,\u201d said Laurent Bouton, associate professor of economics at Georgetown University. \u201cCountries who did not submit a candidacy may have incentives to push strong candidates, especially in the next to last round, in order for the competition in the last round to be fierce. That should allow them to extract more political favors in exchange for their votes,\u201d he added. All this could result in a highly unpredictable result, with the agencies possibly ending up in a country where most staff don\u2019t want to move. \u201cIt may lead to some chaotic results that have little connection to the preferences of the actual voters,\u201d said Benny Moldovanu, a professor of microeconomics at the University of Bonn. One thing is for sure though \u2014 with the two lucrative agencies leaving its shores, on Monday the U.K. will be receiving null points. Original Article","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/eu-agency-vision-contest\/","og_locale":"en_US","og_type":"article","og_title":"EU-agency-vision contest - Business News Report","og_description":"There will be fewer disco balls, less dry ice and almost certainly no bearded divas, but the race to host the EU agencies leaving London post Brexit has one important thing in common with the Eurovision Song Contest \u2014 the voting system is so complex almost anything could happen. Ministers from the 27 countries remaining in the EU after Brexit will gather at the General Affairs Council in Brussels Monday to decide which two cities will play host to the European Medicines Agency (EMA) and European Banking Authority (EBA) once they leave London post Brexit. The political horse-trading has already started, with backroom deals and promises of high-level favors on offer from the 19 cities bidding for the EMA and the eight in the running for the EBA. But even the most strategic of diplomatic players are likely to find their efforts thwarted by the complexity of the three-round secret voting process. In the first round, each country has a first, second and third choice ballot to cast, but voting can then move to run-off votes between the three and then the two highest placed bids. Though the multi-round voting for the agencies is more complex, Dr. Laura Spierdijk, a professor in econometrics at the University of Groningen in the Netherlands who co-authored a study on Eurovision voting sees parallels with the song contest. \u201cResearch on the Eurovision song contest has shown this kind of voting system tends towards regional biases and other kinds of biases which are unrelated to the songs\u2019 quality. Here, other factors will play a role that are not really related to what the best location is for an agency,\u201d she said. As in Eurovision, Baio suggests that voting by regional blocs is likely to emerge. Dr. Gianluca Baio, an expert in Bayesian statistical modeling at University College London who has also worked on Eurovision voting, says that some countries\u2019 bids could be more about garnering favors than a serious attempt at hosting the agency. \u201cIt may be that some bids would be put out for the first round of votes to spice things up, and get more leverage \u2026 on behalf of the Baltic countries, you put out a bid that is unlikely to get votes, but it gives them some power,\u201d he said. That could be an even more potent strategy in the agency fight because there are two prizes on offer which must go to different countries. France, for example, is bidding for the EMA in Lille and the EBA in Paris but it will not be able to win both. As in Eurovision, Baio suggests that voting by regional blocs is likely to emerge. Already, Hungary has said it will support Slovakia for the EMA, and the Greek European affairs minister, Georgios Katrougalos, has said its \u201cbasic strategy is a Mediterranean countries alliance for the first and second round of voting.\u201d Another possibility is a strong contender might vote strategically for a weaker bid it thinks it can beat in the final round. But that could backfire if the supposedly weaker bid attracts a strong bloc of regional support. \u201cThere will be strategic voting. Serious contenders will have an incentive to push weak contenders in the early rounds, as that simplifies their life if they end up against a weak candidate in the last round,\u201d said Laurent Bouton, associate professor of economics at Georgetown University. \u201cCountries who did not submit a candidacy may have incentives to push strong candidates, especially in the next to last round, in order for the competition in the last round to be fierce. That should allow them to extract more political favors in exchange for their votes,\u201d he added. All this could result in a highly unpredictable result, with the agencies possibly ending up in a country where most staff don\u2019t want to move. \u201cIt may lead to some chaotic results that have little connection to the preferences of the actual voters,\u201d said Benny Moldovanu, a professor of microeconomics at the University of Bonn. One thing is for sure though \u2014 with the two lucrative agencies leaving its shores, on Monday the U.K. will be receiving null points. Original Article","og_url":"https:\/\/www.bnreport.com\/en\/eu-agency-vision-contest\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2017-11-26T18:35:22+00:00","article_modified_time":"2017-11-26T18:35:28+00:00","og_image":[{"width":4720,"height":2920,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2017\/11\/GettyImages-489236971-1.jpg","type":"image\/jpeg"}],"author":"infopal11","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"infopal11","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/eu-agency-vision-contest\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/eu-agency-vision-contest\/"},"author":{"name":"infopal11","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f"},"headline":"EU-agency-vision contest","datePublished":"2017-11-26T18:35:22+00:00","dateModified":"2017-11-26T18:35:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/eu-agency-vision-contest\/"},"wordCount":696,"commentCount":0,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/eu-agency-vision-contest\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2017\/11\/GettyImages-489236971-1.jpg","articleSection":["Health"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.bnreport.com\/en\/eu-agency-vision-contest\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/eu-agency-vision-contest\/","url":"https:\/\/www.bnreport.com\/en\/eu-agency-vision-contest\/","name":"EU-agency-vision contest - Business News Report","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/eu-agency-vision-contest\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/eu-agency-vision-contest\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2017\/11\/GettyImages-489236971-1.jpg","datePublished":"2017-11-26T18:35:22+00:00","dateModified":"2017-11-26T18:35:28+00:00","description":"There will be fewer disco balls, less dry ice and almost certainly no bearded divas, but the race to host the EU agencies leaving London post Brexit has one important thing in common with the Eurovision Song Contest \u2014 the voting system is so complex almost anything could happen. Ministers from the 27 countries remaining in the EU after Brexit will gather at the General Affairs Council in Brussels Monday to decide which two cities will play host to the European Medicines Agency (EMA) and European Banking Authority (EBA) once they leave London post Brexit. The political horse-trading has already started, with backroom deals and promises of high-level favors on offer from the 19 cities bidding for the EMA and the eight in the running for the EBA. But even the most strategic of diplomatic players are likely to find their efforts thwarted by the complexity of the three-round secret voting process. In the first round, each country has a first, second and third choice ballot to cast, but voting can then move to run-off votes between the three and then the two highest placed bids. Though the multi-round voting for the agencies is more complex, Dr. Laura Spierdijk, a professor in econometrics at the University of Groningen in the Netherlands who co-authored a study on Eurovision voting sees parallels with the song contest. \u201cResearch on the Eurovision song contest has shown this kind of voting system tends towards regional biases and other kinds of biases which are unrelated to the songs\u2019 quality. Here, other factors will play a role that are not really related to what the best location is for an agency,\u201d she said. As in Eurovision, Baio suggests that voting by regional blocs is likely to emerge. Dr. Gianluca Baio, an expert in Bayesian statistical modeling at University College London who has also worked on Eurovision voting, says that some countries\u2019 bids could be more about garnering favors than a serious attempt at hosting the agency. \u201cIt may be that some bids would be put out for the first round of votes to spice things up, and get more leverage \u2026 on behalf of the Baltic countries, you put out a bid that is unlikely to get votes, but it gives them some power,\u201d he said. That could be an even more potent strategy in the agency fight because there are two prizes on offer which must go to different countries. France, for example, is bidding for the EMA in Lille and the EBA in Paris but it will not be able to win both. As in Eurovision, Baio suggests that voting by regional blocs is likely to emerge. Already, Hungary has said it will support Slovakia for the EMA, and the Greek European affairs minister, Georgios Katrougalos, has said its \u201cbasic strategy is a Mediterranean countries alliance for the first and second round of voting.\u201d Another possibility is a strong contender might vote strategically for a weaker bid it thinks it can beat in the final round. But that could backfire if the supposedly weaker bid attracts a strong bloc of regional support. \u201cThere will be strategic voting. Serious contenders will have an incentive to push weak contenders in the early rounds, as that simplifies their life if they end up against a weak candidate in the last round,\u201d said Laurent Bouton, associate professor of economics at Georgetown University. \u201cCountries who did not submit a candidacy may have incentives to push strong candidates, especially in the next to last round, in order for the competition in the last round to be fierce. That should allow them to extract more political favors in exchange for their votes,\u201d he added. All this could result in a highly unpredictable result, with the agencies possibly ending up in a country where most staff don\u2019t want to move. \u201cIt may lead to some chaotic results that have little connection to the preferences of the actual voters,\u201d said Benny Moldovanu, a professor of microeconomics at the University of Bonn. One thing is for sure though \u2014 with the two lucrative agencies leaving its shores, on Monday the U.K. will be receiving null points. 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