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Participation quorums in costly meetings

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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Participation quorums in costly meetings. / Flamand, Sabine; Troumpounis, Orestis.
In: Public Choice, Vol. 159, No. 1-2, 04.2014, p. 53-62.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Flamand, S & Troumpounis, O 2014, 'Participation quorums in costly meetings', Public Choice, vol. 159, no. 1-2, pp. 53-62. https://doi.org/10.1007/s11127-012-0013-2

APA

Flamand, S., & Troumpounis, O. (2014). Participation quorums in costly meetings. Public Choice, 159(1-2), 53-62. https://doi.org/10.1007/s11127-012-0013-2

Vancouver

Flamand S, Troumpounis O. Participation quorums in costly meetings. Public Choice. 2014 Apr;159(1-2):53-62. Epub 2012 Aug 1. doi: 10.1007/s11127-012-0013-2

Author

Flamand, Sabine ; Troumpounis, Orestis. / Participation quorums in costly meetings. In: Public Choice. 2014 ; Vol. 159, No. 1-2. pp. 53-62.

Bibtex

@article{9a40ddb903044e3cb7b13f423ca91a46,
title = "Participation quorums in costly meetings",
abstract = "Meetings of shareholders, societies, and clubs often require a minimal participation quorum. In the absence of a quorum, no valid decisions can be made; thus, decisions are postponed to a later meeting. This paper examines the effect of such quorum constraints on both individual behavior and collective outcomes in a model of costly meetings. We show that when a binding quorum constraint delivers an immediate decision, it also induces a welfare loss with respect to the outcome that prevails when no quorum applies, potentially including policy distortions. When the quorum requirement is high and causes the decision to be postponed, the number of participants in the (second) meeting may decrease with respect to the zero-quorum rule.",
keywords = "Quorum , Costly meetings, Committees , Participation",
author = "Sabine Flamand and Orestis Troumpounis",
year = "2014",
month = apr,
doi = "10.1007/s11127-012-0013-2",
language = "English",
volume = "159",
pages = "53--62",
journal = "Public Choice",
issn = "0048-5829",
publisher = "Springer Netherlands",
number = "1-2",

}

RIS

TY - JOUR

T1 - Participation quorums in costly meetings

AU - Flamand, Sabine

AU - Troumpounis, Orestis

PY - 2014/4

Y1 - 2014/4

N2 - Meetings of shareholders, societies, and clubs often require a minimal participation quorum. In the absence of a quorum, no valid decisions can be made; thus, decisions are postponed to a later meeting. This paper examines the effect of such quorum constraints on both individual behavior and collective outcomes in a model of costly meetings. We show that when a binding quorum constraint delivers an immediate decision, it also induces a welfare loss with respect to the outcome that prevails when no quorum applies, potentially including policy distortions. When the quorum requirement is high and causes the decision to be postponed, the number of participants in the (second) meeting may decrease with respect to the zero-quorum rule.

AB - Meetings of shareholders, societies, and clubs often require a minimal participation quorum. In the absence of a quorum, no valid decisions can be made; thus, decisions are postponed to a later meeting. This paper examines the effect of such quorum constraints on both individual behavior and collective outcomes in a model of costly meetings. We show that when a binding quorum constraint delivers an immediate decision, it also induces a welfare loss with respect to the outcome that prevails when no quorum applies, potentially including policy distortions. When the quorum requirement is high and causes the decision to be postponed, the number of participants in the (second) meeting may decrease with respect to the zero-quorum rule.

KW - Quorum

KW - Costly meetings

KW - Committees

KW - Participation

U2 - 10.1007/s11127-012-0013-2

DO - 10.1007/s11127-012-0013-2

M3 - Journal article

VL - 159

SP - 53

EP - 62

JO - Public Choice

JF - Public Choice

SN - 0048-5829

IS - 1-2

ER -