This paper studies the impact of the governance of a group, whether be it unanimity, simple majority or qualified … unanimity might favor the formation of larger groups than majority, but also a change of status quo. This paper therefore … majority, on its size, composition, and inclination to change the status quo. Somewhat surprisingly, we show that not only …

majority rules. Under unanimity rule, there are potentially many equilibria which can be ordered from the least to most … given probability. We characterize and compare symmetric stationary subgame perfect equilibria under unanimity rule and … number of players increases. Under any (super)majority rule, however, there is no equilibrium with delay or inefficiency. The …

majority rules. Under unanimity rule, there are potentially many equilibria which can be ordered from the least to most … given probability. We characterize and compare symmetric stationary subgame perfect equilibria under unanimity rule and … number of players increases. Under any (super)majority rule, however, there is no equilibrium with delay or inefficiency. The …

Mainstream economic theories of rent-seeking and interest groups typically ignore the parallel, yet highly relevant …, streams of research on social networks and groups. Incorporating these broader social and psychological theories into economic …

hierarchical domination of kings and lords, to modern forms of governance. Checks and balances, wider representation, the … bureaucratic form of organization, and other ingredients of modern governance can partly be thought of as providing restraints to …

of institutional features. An institutional approach is introduced that requires a cooperative governance to realize the … potential value-production by firms, or to realize the potential user-value by clubs. For each, a distinctive governance system … is introduced. The firm requires an implementation governance to activate the value-production capacities of its service …

representation governance, and a budget-allocation function. The common service is provided by a firm, which consists of a value …-production function, an implementation governance, and a remuneration function. They extend the concepts of the consumer and the producer … in neoclassical theory. The functions mentioned are determined by cooperative games. A governance is represented by a …

institutions and governance to provide citizen security, justice and jobs is crucial to break cycles of violence while stimulating …