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Effectivity Functions and Stable Governance Structures |
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| Authors: | Stefano Vannucci |
| Institution: | (1) Dipartimento di Economia Politica, Universita' di Siena, Piazza S. Francesco 7, 53100 Siena, Italy |
| Abstract: | Stability properties of several governance structures are studied by means of their effectivity functions. It is shown that (strong) stability of a governance structure is mainly determined by the collegial nature of the underlying assembly's decision rule. |
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