Theory Seminar | Board Elections: Effects of Universal Ballot by Hülya Eraslan
School of Economics
Invites you to a
Microeconomics Theory seminar presented by
Hülya Eraslan
(Rice University)
Board Elections: Effects of Universal Ballot
Tuesday 31 October 2023
4.00pm – 5.30pm
Seminar Room 650
A02 Social Sciences Building
Camperdown Campus
The University of Sydney NSW 2006
The Securities and Exchange Commission recently adopted new rules to mandate universal proxy cards for contested director elections, enabling shareholders to vote by proxy for their preferred mix of candidates. What is the effect of the new regulation? To answer this question, we build a model of information based strategic voting in director elections. We consider two mechanisms: non-universal balloting to capture the rules prior to the changes, and universal-balloting to capture the new rules. After establishing the existence of a unique symmetric equilibrium under both mechanisms, we show that information
For further information contact: Microeconomics Theory seminar series coordinator Jingni Yang
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