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In many organizations, decisions are taken by unanimity giving each member veto power. We analyze a model of an organization in which members with heterogenous productivity privately contribute to a common good. Under unanimity, the least efficient member imposes her preferred effort choice on...
Persistent link: https://www.econbiz.de/10011052840
In many organizations, decisions are taken by unanimity giving each member veto power. We analyze a model of an organization in which members with heterogenous productivity privately contribute to a common good. Under unanimity, the least efficient member imposes her preferred effort choice on...
Persistent link: https://www.econbiz.de/10010320979
Persistent link: https://www.econbiz.de/10005758591
This short paper analyses the tension between "widening" and "deepening" of organizations such as the European Union. Members have the same consumption benefit of reform but weak and strong members differ in their cost of exerting reform efforts. As decisions are taken by unanimity, the reform...
Persistent link: https://www.econbiz.de/10005504398
In many organizations, decisions are taken by unanimity giving each member veto power. We analyze a model of an organization in which members with heterogenous productivity privately contribute to a common good. Under unanimity, the least efficient member imposes her preferred effort choice on...
Persistent link: https://www.econbiz.de/10005014587
Persistent link: https://www.econbiz.de/10009688963
Persistent link: https://www.econbiz.de/10003669691
Persistent link: https://www.econbiz.de/10003730090
Persistent link: https://www.econbiz.de/10009996228
Persistent link: https://www.econbiz.de/10008064287