Optimal Voting Procedures for Profit Maximizing Firms

S. Nitzan, U. Procaccia

Research output: Contribution to journalArticlepeer-review

11 Scopus citations


Corporate power is exercised by presidents and chairpersons, directors and other officers, as well as in general meetings of stockholders, boards of directors, or specialized committees. Sometimes decisions are delegated to a single functionary. Often they are carried through a voting procedure of a collective assembly. The set of feasible procedures for carrying a collective resolution is large and varicolored. Sometimes, the assembly is governed by the democratic principle of the 'common simple majority rule'.
Original languageAmerican English
Pages (from-to)191-208
JournalPublic Choice
StatePublished - 1986


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