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We offer complete characterizations of the equilibrium outcomes of two prominent agenda voting institutions that are … equivalently the Euro-Latin procedure. Our axiomatic approach provides a proper understanding of these voting institutions, and …
Persistent link: https://www.econbiz.de/10011253112
Opinion polls and other surveys are used to capture public sentiments on a variety of issues. If citizens are unwilling to reveal certain policy preferences to others, surveys may fail to characterize population preferences accurately. The innovation of this paper is to use unique data to...
Persistent link: https://www.econbiz.de/10010851360
This paper argues that in the presence of intersectoral input-output linkages, microeconomic idiosyncratic shocks may lead to aggregate fluctuations. In particular, it shows that, as the economy becomes more disaggregated, the rate at which aggregate volatility decays is determined by the...
Persistent link: https://www.econbiz.de/10010851431
Some bilingual societies exhibit a distribution of language skills that can- not be explained by economic theories that portray languages as pure communication devices. Such distribution of skills are typically the result of public policies that promote bilingualism among members of both speech...
Persistent link: https://www.econbiz.de/10010851443
Social capital – a dense network of associations facilitating cooperation within a community – typically leads to positive political and economic outcomes, as demonstrated by a large literature following Putnam. A growing literature emphasizes the potentially "dark side" of social capital....
Persistent link: https://www.econbiz.de/10010851499
We study how to partition a set of agents in a stable way when each coalition in the partition has to share a unit of a perfectly divisible good, and each agent has symmetric single-peaked preferences on the unit interval of his potential shares. A rule on the set of preference profiles consists...
Persistent link: https://www.econbiz.de/10010851353
The division problem under constraints consists of allocating a given amount of an homogeneous and perfectly divisible good among a subset of agents with single-peaked preferences on an exogenously given interval of feasible allotments. We characterize axiomatically the family of extended...
Persistent link: https://www.econbiz.de/10010851412
We observe that three salient solutions to matching, division and house allocation problems are not only (partially) strategy-proof, but (partially) group strategy-proof as well, in appropriate domains of definition. That is the case for the Gale-Shapley mechanism, the uniform rule and the top...
Persistent link: https://www.econbiz.de/10010851415
We identify in this paper two conditions that characterize the domain of single-peaked preferences on the line in the following sense: a preference profile satisfies these two properties if and only if there exists a linear order L over the set of alternatives such that these preferences are...
Persistent link: https://www.econbiz.de/10010851422
Rules of k names are frequently used methods to appoint individuals to office. They are two-stage procedures where a first set of agents, the proposers, select k individuals from an initial set of candidates, and then another agent, the chooser, appoints one among those k in the list. In...
Persistent link: https://www.econbiz.de/10010851425