Conference Proceedings
Year
2010
Authors
CHARLETY-LEPERS Patricia, FAGART M.-C., SOUAM S.
Abstract
In this paper, we completely characterize the equilibria of a costly voting game where shareholders of a firm vote for or against a proposed resolution. We do consider two types of shareholders: unconditional who always vote for or against the resolution and partisans who vote strategically. We show that the existence and nature of the equilibria crucially depends on the quorum rule and on the shareholding structure.
CHARLETY-LEPERS, P., FAGART, M.C. et SOUAM, S. (2010). Quorum Rules and Shareholder Voting. Dans: Proceedings of the 59th Annual AFSE Conference. Association Française de Science Economique (AFSE).