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The average voting procedure reflects the weighted average of expressed opinions in [0,1]. Participants typically behave strategically. We evaluate the discrepancy between the average taste and the average vote. If the population is sufficiently large, it is possible to contruct approximations...
Persistent link: https://www.econbiz.de/10005292385
Properties of an average voting rule - the outcome being some weighted average of votes – are investigated, with particular attention to its ability to protect minorities. The unique average voting outcome is characterized with a median formula which depends on the voters’ preferred...
Persistent link: https://www.econbiz.de/10005512019
A student’s future log-wage is given by the sum of a skill premium and a random personal “ability” term. Students observe only a private, noisy signal of their ability, and universities can condition admission decisions on the results of noisy tests. We assume first that universities are...
Persistent link: https://www.econbiz.de/10005512020
The purpose of this paper is to propose an approach of the firms-territories relationships that should not be restricted to the sole point of view of the localisation's theory. Such an approach aims then to refer to a continous temporality that should not reduced to the sole moments of an...
Persistent link: https://www.econbiz.de/10005634328
Persistent link: https://www.econbiz.de/10005669459