One Share , One Vote ? ∗

Abstract

Confusingly, the two seminal contributions on the “one share, one vote” (1S1V) issue— Grossman and Hart (GH, 1988) and Harris and Raviv (HR, 1989)—are quoted as evidence by both proponents and opponents of 1S1V. In fact, GH-HR stress the cases where the rule is optimal, but do acknowledge possible deviations from the optimality of 1S1V (without developing… (More)

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Cite this paper

@inproceedings{Sercu2002OneS, title={One Share , One Vote ? ∗}, author={Piet Sercu and Linda Van de Gucht and Cynthia van Hulle and Martina Vandebroek}, year={2002} }