) veto player approach, are also theoretically and empirically problematic. We will show that this has significant …

in providing incentives. Here, we de-bundle ownership into the right to access (or use) an asset and the right to veto … (exclude) others from using it, and define control over an asset as access, provided that no one else has veto. Open access is … contexts, access and veto can be used independently to provide incentives: hybrid governance structures, outside ownership …

countries where capital has low mobility and the legislature was not a veto player. This explanation is supported by evidence …

countries where capital has low mobility and the legislature was not a veto player. This explanation is supported by evidence …

In a principal-agent model with hidden information and no monetary transfers, I establish the Veto-Power Principle: any … incentive-compatible outcome can be implemented through veto-based delegation with an endogenously chosen default decision. This …

: delegation and veto. Recent work suggests that delegation dominates veto unless the divergence in preferences between the … a reasonable model of veto versus delegation. In this model, veto dominates delegation for any feasible divergence in …

policymaking authority across multiple actors, recent veto-actor scholarship has emphasized its potential to privilege the status … multifarious effects of the number and diversity of policymaking actors, thereby placing veto-actor considerations in broader …