Battaglini, Marco; Palfrey, Thomas R. - National Bureau of Economic Research - 2023
participation by some fraction of its members. How should we model the internal organization of these groups when there is … implemented with a very simple mechanism that we call the Voluntary Based Organization. Two new results emerge from this analysis … organization, however, provides a key advantage: when the probability of success converges to zero, it does so at a much slower …