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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
We consider a general equilibrium model where groups operating in a competitive market environment can have several members and make efficient collective consumption decisions. Individuals have the option to leave the group and make it on their own or join another group. We study the effect of...
Persistent link: https://www.econbiz.de/10011507930
We consider a general equilibrium model where groups operating in a competitive market environment can have several members and make efficient collective consumption decisions. Individuals have the option to leave the group and make it on their own or join another group. We study the effect of...
Persistent link: https://www.econbiz.de/10013319911
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
Collective consumption decisions taken by the members of a household may prove inefficient. The impact on market performance depends on whether household inefficiencies are caused by inefficient net trades with the market or by inefficient distribution of resources within households. Inefficient...
Persistent link: https://www.econbiz.de/10011399478
Collective consumption decisions taken by the members of a household may prove inefficient. The impact of such inefficient household decisions on market performance is investigated. At one extreme, market efficiency can occur even when household decisions are inefficient, namely when household...
Persistent link: https://www.econbiz.de/10009725479
Persistent link: https://www.econbiz.de/10001744800
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