Why Minority Interests May Be Encouraged by Majority Regulation: A Case Study Illustrated by Slow Money Movement
Strategic Change: Briefings in Entrepreneurial Finance, 26(6): 617-626, 2017
30 Pages Posted: 16 May 2013 Last revised: 7 Jan 2018
Date Written: 2017
Minorities seeking majority legislations need to communicate the increased option set and limit the downside risk for the system. Social movements urging for change require institutional support including enabling legislation. Public policy support may require associating with similar movements or other stakeholders. Loss aversion, downside risk, crisis, and real options may be reasons for majorities to approve minority legislation.
Keywords: Slow money, microfinance, institutional economics, evolutionary economics, public choice, economic systems
JEL Classification: B25, D92, G23, G24, G28, G32, E11, O11, P4
Suggested Citation: Suggested Citation