Showing 1 - 10 of 215
We examine whether it is socially beneficial for the individual voting records of central bank council members to be … efficient central bankers in their bid to get re-elected. After re-election, however, losses will be lower when voting records … and can make central bankers individually accountable. Nevertheless, the negative effects of voting transparency …
Persistent link: https://www.econbiz.de/10011419080
We examine whether it is socially beneficial for the individual voting records of centralWir untersuchen, ob die …
Persistent link: https://www.econbiz.de/10012991307
We examine whether the publication of the individual voting records of central-bank council members is socially … optimal behavior for somewhat less efficient central bankers. However, after re-appointment, losses will be lower when voting … and can make central bankers individually accountable. In our model, the negative effects of voting transparency dominate …
Persistent link: https://www.econbiz.de/10014149119
This paper examines whether it is socially desirable for the individual voting records of central bank council members … publication of voting records is beneficial since the government can distinguish central bankers in terms of their preferences and … berücksichtigen, dass sie vielleicht nicht wiedergewählt werden. Die Veröffentlichung der Abstimmung ist somit nützlich, weil die …
Persistent link: https://www.econbiz.de/10011419124
Politicians may pander to public opinion and may renounce undertaking beneficial long-term projects. To alleviate this problem, we introduce a triple mechanism involving political information markets, reelection threshold contracts, and democratic elections. An information market is used to...
Persistent link: https://www.econbiz.de/10009009663
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