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Efficient and Stable Collective Choices under Crowding Preferences

Massó, Jordi; Nicolò, Antonio - Barcelona Graduate School of Economics (Barcelona GSE) - 2004

We consider a set of agents who have to choose one alternative among a finite set of social alternatives. A final allocation is a pair given by the selected alternative and the group of its users. Agents have crowding preferences over allocations: between any pair of allocations with the same...

Persistent link: https://www.econbiz.de/10010547378

Voting in Assemblies of Shareholders and Incomplete Markets

Tvede, Mich; Crès, Hervé - Økonomisk Institut, Københavns Universitet - 2004

. Shareholders determine production plans by voting — one share, one vote — and at ?-majority stable stock market equilibria …

Persistent link: https://www.econbiz.de/10005749639

Voting by Committees under Constraints

Barberà, Salvador; Massó, Jordi; Neme, Alejandro - Barcelona Graduate School of Economics (Barcelona GSE) - 2001

characterize the families of strategy-proof voting procedures when not all possible subsets of objects are feasible, and voters …

Persistent link: https://www.econbiz.de/10010773124

Production in Incomplete Markets: Expectations Matter for Political Stability

Crès, Hervé; Tvede, Mich - Økonomisk Institut, Københavns Universitet - 2009

In the present paper we study voting-based corporate control in a general equilibrium model with incomplete financial … markets. Since voting takes place in a multi-dimensional setting, super-majority rules are needed to ensure existence of … equilibrium. In a linear-quadratic setup we show that the endogenization of voting weights (given by portfolio holdings) can give …

Persistent link: https://www.econbiz.de/10005225438

Ordering Pareto-Optima through Majority Voting

Tvede, Mich; Crès, Hervé - Økonomisk Institut, Københavns Universitet - 2000

A commodity is shared between some individuals: There is an initial allocation; some selection procedures are used to choose an alternative allocation and; individuals decide between keeping the initial allocation or shifting to the alternative allocation. The selection procedures are supposed to...

Persistent link: https://www.econbiz.de/10005232991