Get Rid of Unanimity: The Superiority of Majority Rule with Veto Power
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A group of agents wants to reform the status quo if and only if this is Pareto improving. Agents have private information and may have common or private objectives, which creates a tension between information aggregation and minority protection. We analyze a simple voting system - majority rule with
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美国国家经济研究局创建时间：
2014-08-01
