Optimal voting rules for international organizations, with an application to the United Nations
Journal of Public Economic Theory, 2022, vol. 24, issue 6, 1463-1501
This paper studies a self‐enforcing mechanism for an international organization that interacts repeatedly over time. A random shock determines which countries would be in favor of or against taking a collective action. If the organization wants to take the action, incentives must be provided. The optimal stationary equilibrium is equivalent to a mechanism characterized by voting weights. When the discount factor is not too high, the voting weights are random. Moreover, within a class of parameters, the optimal mechanism mimics the way voting power is distributed among United Nations members via Security Council seats. That is, the model rationalizes the existence of a council with permanent members who have veto power, nonpermanent members, and the exact number of permanent and nonpermanent members observed at the Security Council.
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:jpbect:v:24:y:2022:i:6:p:1463-1501
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1097-3923
Access Statistics for this article
Journal of Public Economic Theory is currently edited by Rabah Amir, Gareth Myles and Myrna Wooders
More articles in Journal of Public Economic Theory from Association for Public Economic Theory Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().