| Article ID: | iaor2003642 |
| Country: | Netherlands |
| Volume: | 109 |
| Issue: | 1 |
| Start Page Number: | 99 |
| End Page Number: | 127 |
| Publication Date: | Jan 2002 |
| Journal: | Annals of Operations Research |
| Authors: | Vannucci Stefano |
Stability properties of several governance structures are studied by means of their effectivity functions. It is shown that (strong) stability of a governance structure is mainly determined by the collegial nature of the underlying assembly's decision rule.