Showing 1 - 8 of 8
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
This paper explores the relationship between knowledge creation, entrepreneurship, and economic growth in the United … general knowledge and economically useful knowledge. Also missing is a mechanism (such as entrepreneurship) converting …
Persistent link: https://www.econbiz.de/10005644973
Contemporary theories of entrepreneurship generally focus on the recognition of opportunities and the decision to … exploit them. While the prevailing view in the entrepreneurship literature is that opportunities are exogenous, the most … entrepreneurship and economic growth literatures by developing a knowledge spillover theory of entrepreneurship. Knowledge created …
Persistent link: https://www.econbiz.de/10005645003
Research on entrepreneurship has flourished in recent years and is evolving rapidly. This paper explores the history of … entrepreneurship research, how the research domain has evolved, and its current status as an academic field. The need to concretize … confronting the prize committee of the Global Award for Entrepreneurship Research. Entrepreneurship has developed in many sub …
Persistent link: https://www.econbiz.de/10010818738