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Group formation and governance

By Ludovic Renou


Updated November 2008This paper studies the impact of the governance of a group, whether\ud be it unanimity, simple majority or qualified majority, on its (endogenously\ud derived) size, composition, and inclination to change the status\ud quo. Somewhat surprisingly, we show that not only unanimity might\ud favor the formation of larger groups than majority, but also a change\ud of status quo

Topics: groups, endogenous formation, economies of scale, loss of control, governance, unanimity, majority
Publisher: Dept. of Economics, University of Leicester
Year: 2008
OAI identifier:

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