Voting in corporations
提出了一个股东投票模型，描述了三种投票规则族（比率规则、差异规则和股份多数规则），并通过合并一致性和重新分配不变性两个公理进行刻画，还扩展了梅氏定理。
I introduce a model of shareholder voting. I describe and provide characterizations of three families of shareholder voting rules: ratio rules, difference rules, and share majority rules. The characterizations rely on two key axioms: merger consistency, which requires consistency in voting outcomes following stock‐for‐stock mergers, and reallocation invariance, which requires the shareholder voting rule to be immune to certain manipulative techniques used by shareholders to hide their ownership. The paper also extends May's theorem.