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|Title:||Group formation and governance|
|Publisher:||Dept. of Economics, University of Leicester|
|Abstract:||This paper studies the impact of the governance of a group, whether be it unanimity, simple majority or qualified majority, on its 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. This paper therefore suggests that unanimity, often blamed for the European inertia of the last two decades, was only a scapegoat.|
|Series/Report no.:||Papers in Economics|
|Appears in Collections:||Reports, Dept. of Economics|
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