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Applied mathematical theory of governance : impact of group size to governance

  • This paper analyzes governance mechanisms for different group sizes. The European sovereign debt crisis has demonstrated the need of efficient governance for different group sizes. I find that self-governance only works for sufficiently homogenous and small neighbourhoods. Second, as long as the union expands, the effect of credible self-governance decreases. Third, spill-over effects amplify the size effect. Fourth, I show that sufficiently large monetary unions, are better off with costly but external governance or a free market mechanism. Finally, intermediate-size unions are most difficult to govern efficiently.

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Metadaten
Author of HS ReutlingenHerzog, Bodo
URN:urn:nbn:de:bsz:rt2-opus4-4875
URL:http://www.scienpress.com/Upload/TMA/Vol%205_2_4.pdf
ISSN:1792-9687
eISSN:1792-9709
Erschienen in:Theoretical mathematics and applications
Publisher:International Scientific Press
Place of publication:London
Document Type:Journal article
Language:English
Publication year:2015
Tag:economic governance; european monetary union; group size
Volume:5
Issue:2
Page Number:17
First Page:71
Last Page:87
DDC classes:510 Mathematik
Open access?:Ja
Licence (German):License Logo  Creative Commons - Namensnennung