The paper studies the design of popular initiatives in unions of states. We analyze the effect of state-specific threshold requirements on the incentives of a rational campaign organizer who decides which constituencies to target. If the heterogeneity of preferences in a population increases...

Members of a shareholder meeting or legislative committee have greater or smaller voting power than meets the eye if the nucleolus of the induced majority game differs from the voting weight distribution. We establish a new sufficient condition for the weight and power distributions to be equal,...

The paper investigates the effects of intra-family talent transmission when human capital exhibits indivisibilities and parental financing of education involves borrowing constraints. Positive talent correlation reduces social mobility but steady state inequality and macroeconomic...