Democracy, the Market, and the Firm: How the Interplay Between Trading and Voting Fosters Political Stability and Economic Efficiency

by Mich Tvede, Herv Crs, Hervé Crès

Why are collective choices so stable and easy to make in practice, when in theory it should be totally otherwise? This question has puzzled social scientists since Condorcet in the eighteenth century. A striking illustration of this puzzle is the almost unanimous support of shareholders in publicly traded companies to the motions tabled by directors. Democracy, the Market, and the Firm investigates the behavioural assumptions leading to an alignment...

• Format: Hardcover
• Language: English
• ISBN: 0192894730
• ISBN13: 9780192894731
• Release Date: September 2021
• Publisher: Oxford University Press
• Length: 192 Pages
• Weight: 0.89 lbs.
• Dimensions: 0.6" x 6.5" x 9.3"