This paper studies the impact of the governance of a group, whether be it unanimity, simple majority or qualified … unanimity might favor the formation of larger groups than majority, but also a change of status quo. This paper therefore … majority, on its size, composition, and inclination to change the status quo. Somewhat surprisingly, we show that not only …

majority rules. Under unanimity rule, there are potentially many equilibria which can be ordered from the least to most … given probability. We characterize and compare symmetric stationary subgame perfect equilibria under unanimity rule and … number of players increases. Under any (super)majority rule, however, there is no equilibrium with delay or inefficiency. The …

majority rules. Under unanimity rule, there are potentially many equilibria which can be ordered from the least to most … given probability. We characterize and compare symmetric stationary subgame perfect equilibria under unanimity rule and … number of players increases. Under any (super)majority rule, however, there is no equilibrium with delay or inefficiency. The …

under all q-majority rules. Our results suggest that unanimity rule is uniquely inefficient. All other rules, including all …We theoretically investigate how the application of unanimity rule can lead to inefficient delay in collective decision …

under all q-majority rules. Our results suggest that unanimity rule is uniquely inefficient. All other rules, including all …We theoretically investigate how the application of unanimity rule can lead to inefficient delay in collective decision …

Mainstream economic theories of rent-seeking and interest groups typically ignore the parallel, yet highly relevant …, streams of research on social networks and groups. Incorporating these broader social and psychological theories into economic …

hierarchical domination of kings and lords, to modern forms of governance. Checks and balances, wider representation, the … bureaucratic form of organization, and other ingredients of modern governance can partly be thought of as providing restraints to …

This paper discusses the intrinsic and instrumental value of governance and social norms to the well being of New … identify the channels and precise mechanisms through which governance and social norms respectively may impact on well … suggestions is then presented for strengthening the governance of public institutions in New Zealand, focusing on improvements to …