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In this paper we introduce flexible majority decision rules where the size of the majority depends on the proposal made by the agenda setter. Flexible majority rules can mitigate the disadvantages of democracies in the provision of public projects. In many cases, the combination of the...
Persistent link: https://www.econbiz.de/10011398428
In this paper we propose minority voting as a scheme that can partially protect individuals from the risk of repeated …-lasting impact. In the first period a simple open majority voting scheme takes place. Voting splits the committee into three groups …: voting winners, voting losers, and absentees. Under minority voting only voting losers keep the voting right in the second …
Persistent link: https://www.econbiz.de/10003761367
We analyze Assessment Voting, a new two-round voting procedure that can be applied to binary decisions in democratic … a costly voting framework, we show that large electorates will choose the preferred alternative of the majority with … high probability, and that average costs will be low. This result is in contrast with the literature on one-round voting …
Persistent link: https://www.econbiz.de/10011787214
The author proposes a two-round process called minority voting to allocate public projects in a polity. In the first … voting rights for the second round, in which the financing scheme is determined. In the second round, the unanimity rule or … voting and simple majority voting and outline the research program. -- …
Persistent link: https://www.econbiz.de/10013132098
We propose a two-stage process called minority voting to allocate public projects in a polity. In the first period, a … rejected, the process ends. Otherwise the process continues, but only the members of the minority keep agenda and voting rights … majority rule is applied. We provide a first round of relative welfare comparisons between minority voting and simple majority …
Persistent link: https://www.econbiz.de/10013132433
We introduce a democratic procedure with voting-based proposals called ”Pendular Voting”. It works as follows: An … manipulability and exploitation of this voting procedure and its welfare effects. We show that manipulation is limited or absent and … that exploitation can be avoided. Regardless of whether the agenda-setter is altruistic or selfish, Pendular Voting leads …
Persistent link: https://www.econbiz.de/10013223041
We introduce a democratic procedure with voting-based proposals called "Pendular Voting". It works as follows: An … manipulability and exploitation of this voting procedure and its welfare effects. We show that manipulation is limited or absent and … that exploitation can be avoided. Regardless of whether the agenda-setter is altruistic or selfish, Pendular Voting leads …
Persistent link: https://www.econbiz.de/10012544186
In this paper we introduce flexible majority decision rules where the size of the majority depends on the proposal made by the agenda setter. Flexible majority rules can mitigate the disadvantages of democracies in the provision of public projects. In many cases, the combination of the...
Persistent link: https://www.econbiz.de/10013321356
private information truthfully before voting takes place. Depending on the distance between two feasible public good levels …, the optimal mechanism involves either one or two voting rounds. We show that procedural efficiency cannot be achieved by … communication among all citizens prior to voting. Finally, we outline several applications of the mechanism. …
Persistent link: https://www.econbiz.de/10011444451
We suggest that flexible majority rules for currency issuance decisions foster the stability of a cryptocurrency. With flexible majority rules, the voteshare needed to approve a particular currency issuance growth is increasing with this growth rate. By choosing suitable parameters for these...
Persistent link: https://www.econbiz.de/10012023545