Study of Majority Voting in Director Elections analyzes the initial roll-out and rapid success of the movement to require that directors be elected by a majority vote, rather than a plurality. As documented in the Study, only 16% of the companies in the S&P 500 were known to have adopted some...

Early democratic theorists argued that one purpose of a democratic government is to increase the happiness of its citizens. However, all democracies are not equal. Some democracies through their institutional arrangements create broader representation to their citizens, while others reduce...

We compare single round vs runoff elections under plurality rule, allowing for partly endogenous party formation. Under runoff elections, the number of political candidates is larger, but the influence of extremist voters on equilibrium policy and hence policy volatility are smaller, because the...