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This paper surveys selectively several contributions to the understanding of how cooperatives may cope with the interplay between meritocracy and efficiency when public decisions are taking by voting and the supply of labor is freely decided by each member. This outlines the main trade-off faced...
Persistent link: https://www.econbiz.de/10012946295
This paper studies collective choice rules whose outcomes consist of a collection of simultaneous decisions, each one of which is the only concern of some group of individual in society. The need for such rules arises in different contexts, including the establishment of jurisdictions, the...
Persistent link: https://www.econbiz.de/10014188596
Persistent link: https://www.econbiz.de/10001192095