Get Rid of Unanimity Rule: The Superiority of Majority Rules with Veto Power

S-Tier
Journal: Journal of Political Economy
Year: 2018
Volume: 126
Issue: 1
Pages: 107 - 149

Score contribution per author:

2.681 = (α=2.01 / 3 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We study unanimous decision making under incomplete information. We argue that unanimous decision rules are not all equivalent. We show that majority rules with veto power are (i) Pareto superior to commonly used unanimous rules and (ii) ex ante efficient in a broad class of situations.

Technical Details

RePEc Handle
repec:ucp:jpolec:doi:10.1086/695477
Journal Field
General
Author Count
3
Added to Database
2026-01-24