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sind. Der gewählte Analyseansatz greift auf positive und normative Hinweise der Club Theorie zurück. Es wird zunächst … draws on positive and normative hints from club theory. The paper provides an analytical approach to determine ex-ante the …
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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...
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core countries. With the help of the theory of clubs, Professor F. L. Sell analyses the incentive effects of the "monetary …
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