Group formation and governance
Date
2011
Authors
Renou, L.
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Journal article
Citation
Journal of Public Economic Theory, 2011; 13(4):595-630
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Ludovic Renou
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Abstract
This paper studies the impact of the governance of a group, whether be it unanimity, simple majority, or qualified majority, on its (endogenously derived) size, composition, and inclination to change the status quo. Somewhat surprisingly, we show that not only unanimity might favor the formation of larger groups than majority, but also a change of status quo.
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©2011 Wiley Periodicals, Inc.