منابع مشابه
One Share – One Vote - new evidence from the Nordic countries
This paper examines how ownership concentration affects investment performance, and in particular how deviations from the one share-one vote principle affect this ownershipperformance relationship. Using a unique panel from the Nordic countries the so-called incentive and managerial entrenchment effects are isolated. To this end a measure of marginal q is used to evaluate performance. This is a...
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We compare two mechanisms to implement a simple binary choice, e.g. adopt one of two proposals. We show that when neither alternative is ex ante preferred, simple majority voting cannot implement the first best outcome. The fraction of the surplus lost rises with the number of voters and the total surplus loss diverges in the limit when the number of voters grows large. We introduce a simple bi...
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The Supreme Court’s “one person, one vote” standard imposes a measure of equality onto any individual’s ability to influence an election’s outcome. The Court has been reluctant to attach this standard to other election resources, like campaign expenditures, despite the fear that money will bring about the appearance of impropriety in democratic decision making. Recently, the Court reasserted th...
متن کاملElectoral Design: One Man, One Vote Bid
We compare two mechanisms to implement a simple binary choice, e.g. adopt one of two proposals. We show that when neither alternative is ex ante preferred, simple majority voting cannot implement the first best outcome. The fraction of the surplus lost rises with the number of voters and the total surplus loss diverges in the limit when the number of voters grows large. We introduce a simple bi...
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ژورنال
عنوان ژورنال: Review of Finance
سال: 2008
ISSN: 1573-692X,1572-3097
DOI: 10.1093/rof/rfm035