Finite Lives and Social Institutions.
According to common wisdom, collective and in particular democratic decision-making attenuates the shadow of the future. The authors illustrate collective ways of extending time horizons that are inaccessible for individuals. They propose a coalitional structure (specifically an age distribution of membership and a distribution of rewards) that is conducive to this task. What is on offer is a minimalist theory of 'corporate action' with potential applications ranging from political party formation to the theory of the firm. Copyright 1994 by WWZ and Helbing & Lichtenhahn Verlag AG
Year of publication: |
1994
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Authors: | Brennan, Geoffrey ; Kliemt, Hartmut |
Published in: |
Kyklos. - Wiley Blackwell, ISSN 0023-5962. - Vol. 47.1994, 4, p. 551-71
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Publisher: |
Wiley Blackwell |
Saved in:
Saved in favorites
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