By ALI LAZRAK | Posted on 14 June 2022

We study a standard real-option problem in which sequential decisions are made through voting by a group of members with heterogeneous beliefs. We show that, when facing both investment and...


By Laurent Bouton | Posted on 20 September 2021

This paper studies voting in shareholders meetings. We focus on the informational efficiency of different voting mechanisms, taking into account that they affect both management's incentives before the meeting and...


By Philip Valta | Posted on 13 September 2021

Candidate self-funding, in particular self-loans, is a significant source of funding of political campaigns.  Self-funding clusters among newcomers, Senate campaigns and Republican campaigns.  Self-funded campaigns raise less money from individuals...