A Model of Corporate Board of Directors Elections

Alexander Karpov

Journal of the New Economic Association, 2011, issue 12, 10-23

Abstract: Game-theoretic model of election to a corporate board of directors is proposed. It is shown that the equilibrium distribution of seats is unique. The uniqueness guarantees nonmanipulability of elections. The distribution is obtained by the d’Hondt method of seats distribution in proportional representation problem. The model is tested on real data from a Russian company.

Keywords: Elections; board of directors; equilibrium seats distribution; d'Hondt method (search for similar items in EconPapers)
JEL-codes: C72 D74 G39 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2011:i:12:p:10-23

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