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Democratic systems are built, with good reason, on majoritarian principles, but their legitimacy requires the protection of strongly held minority preferences. The challenge is to do so while treating every voter equally and preserving aggregate welfare. One possible solution is <i>Storable Votes</i>:...
Persistent link: https://www.econbiz.de/10012464542
The paper studies a simple voting system that has the potential to increase the power of minorities without sacrificing aggregate efficiency. Storable votes grant each voter a stock of votes to spend as desidered over a series of binary decisions. By cumulating votes on issues that it deems most...
Persistent link: https://www.econbiz.de/10012467002
In polarized committees, majority voting disenfranchises the minority. Allowing voters to spend freely a fixed budget of votes over multiple issues restores some minority power. However, it also creates a complex strategic scenario: a hide-and-seek game between majority and minority voters that...
Persistent link: https://www.econbiz.de/10012456444
We model a procedural reform aimed at restoring a proper role for the minority in the confirmation process of judicial nominations in the U.S. Senate. We analyze a proposal that would call for nominations to the same level court to be collected in periodic lists and voted upon individually with...
Persistent link: https://www.econbiz.de/10012458207
We study the competitive equilibrium of a market for votes where voters can trade votes for a numeraire before making a decision via majority rule. The choice is binary and the number of supporters of either alternative is known. We identify a sufficient condition guaranteeing the existence of...
Persistent link: https://www.econbiz.de/10012460087
In this paper, we analyse where people who become self-employed actually start their firms. In the entrepreneurship … compared to the municipality of residence. Our results indicate that the entrepreneurship literature must reconsider its …
Persistent link: https://www.econbiz.de/10011273264
. Despite this fact many explanations to entrepreneurship only considers the personal characteristics of entrepreneurs. This is …. In this pa¬per we illustrate empirically that variations in the rate of entrepreneurship are explained not only in terms …
Persistent link: https://www.econbiz.de/10010739957
-commuters. In the entrepreneurship literature it is claimed that the rich-ness and quality of an individual’s business, professional …
Persistent link: https://www.econbiz.de/10010818741