IDEAS home Printed from
   My bibliography  Save this article

Game Theory and Cumulative Voting for Corporate Directors


  • Gerald J. Glasser

    (New York University)


Game theory may be used to describe and to analyze corporate elections which are based upon a system of cumulative voting. In these games a strategy is a partition of one's votes among a slate of candidates. A minimax strategy is such a partition which guarantees a voter a certain security level in terms of the number of directorships he can win irrespective of how his opponents vote. These minimax strategies, although not so called, are equivalent to decision rules on how to vote found throughout the literature of business organization.

Suggested Citation

  • Gerald J. Glasser, 1959. "Game Theory and Cumulative Voting for Corporate Directors," Management Science, INFORMS, vol. 5(2), pages 151-156, January.
  • Handle: RePEc:inm:ormnsc:v:5:y:1959:i:2:p:151-156
    DOI: 10.1287/mnsc.5.2.151

    Download full text from publisher

    File URL:
    Download Restriction: no

    File URL:
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Olivier Gergaud & Victor Ginsburgh & Juan D. Moreno-Ternero, 2020. "Wine Ratings," Working Papers ECARES 2020-38, ULB -- Universite Libre de Bruxelles.
    2. Gustavo Bergantiños & Juan D. Moreno-Ternero, 2023. "Decentralized revenue sharing from broadcasting sports," Public Choice, Springer, vol. 194(1), pages 27-44, January.
    3. Alcalde-Unzu, Jorge & Moreno-Ternero, Juan D. & Weber, Shlomo, 2022. "The measurement of the value of a language," Journal of Economic Theory, Elsevier, vol. 203(C).
    4. Alcalde-Unzu, Jorge & Vorsatz, Marc, 2009. "Size approval voting," Journal of Economic Theory, Elsevier, vol. 144(3), pages 1187-1210, May.
    5. Ginsburgh, Victor & Moreno-Ternero, Juan D. & Weber, Shlomo, 2017. "Ranking languages in the European Union: Before and after Brexit," European Economic Review, Elsevier, vol. 93(C), pages 139-151.
    6. Gergaud, Olivier & Ginsburgh, Victor & Moreno-Ternero, Juan D., 2021. "Wine Ratings: Seeking a Consensus among Tasters via Normalization, Approval, and Aggregation," Journal of Wine Economics, Cambridge University Press, vol. 16(3), pages 321-342, August.
    7. Antonin Macé, 2015. "Voting with Evaluations: When Should We Sum? What Should We Sum?," AMSE Working Papers 1544, Aix-Marseille School of Economics, France, revised 29 Oct 2015.
    8. Karpov, A., 2012. "Corporate Board Elections and Company's Performance," Journal of the New Economic Association, New Economic Association, vol. 16(4), pages 10-25.
    9. Davide Grossi, 2021. "Lecture Notes on Voting Theory," Papers 2105.00216,
    10. Algaba, Encarnación & Béal, Sylvain & Fragnelli, Vito & Llorca, Natividad & Sánchez-Soriano, Joaquin, 2019. "Relationship between labeled network games and other cooperative games arising from attributes situations," Economics Letters, Elsevier, vol. 185(C).
    11. Duane Cooper & Arthur Zillante, 2012. "A comparison of cumulative voting and generalized plurality voting," Public Choice, Springer, vol. 150(1), pages 363-383, January.
    12. Altunbas, Y & Chakravarty, S P, 2000. "Proportional Representation in the Welsh Assembly," Public Choice, Springer, vol. 103(1-2), pages 85-94, April.
    13. Antonin Macé, 2017. "Voting with evaluations: characterizations of evaluative voting and range voting," Working Papers halshs-01222200, HAL.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:5:y:1959:i:2:p:151-156. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Matthew Walls (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.