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Policy Experimentation, Redistribution and Voting Rules

Bowen, Renee - 2018

members choose either a risky reform or a safe alternative each period. When no redistribution is allowed the unique … equilibrium outcome is generically inefficient. When redistribution is allowed (even small amounts), there always exists an … policy experimentation is possible only with a sufficient amount of redistribution. We conclude that veto rights are more of …

Persistent link: https://www.econbiz.de/10012480686

The Tiebout Hypothesis and Majority Rule : An Empirical Analysis

Epple, Dennis - 1999

The paper provides a comprehensive empirical analysis of majority rule and Tiebout sorting within a system of local jurisdictions. The idea behind the estimation procedure is to investigate whether observed levels of public expenditures satisfy necessary conditions implied by majority rule in a...

Persistent link: https://www.econbiz.de/10012471830

Voting as a Rational Choice : Why and How People Vote to Improve the Well-Being of Others

Edlin, Aaron - 2007

For voters with "social" preferences, the expected utility of voting is approximately independent of the size of the electorate, suggesting that rational voter turnouts can be substantial even in large elections. Less important elections are predicted to have lower turnout, but a feedback...

Persistent link: https://www.econbiz.de/10012465085

Minorities and Storable Votes

Casella, Alessandra - 2005

majority, and the aggregate payoffs all match the theory …

Persistent link: https://www.econbiz.de/10012467002

Reciprocated Unilateralism in Trade Reforms with Majority Voting

Krishna, Pravin - 2004

This paper shows how unilateral liberalization in one country can increase the voting support for reciprocal reduction in trade barriers in a partner country. When trade policies are determined simultaneously in the two countries, we show the possibility of multiple political equilibria -...

Persistent link: https://www.econbiz.de/10012467863

A Graphical Analysis of Some Basic Results in Social Choice

Cantillon, Estelle - 2001

We use a simple graphical approach to represent Social Welfare Functions that satisfy Independence of Irrelevant Alternatives and Anonymity. This approach allows us to provide simple and illustrative proofs of May's Theorem, of variants of classic impossibility results, and of a recent result on...

Persistent link: https://www.econbiz.de/10012470585

Market Mechanisms for Policy Decisions : Tools for the European Union

Casella, Alessandra - 2000

The thesis of this paper is that more transparent, rule-bound and subtle mechanisms for policy coordination will be needed to ensure the success of an enlarged European Union. A common policy is a public good with distributional implications. Economists have developed a large number of plausible...

Persistent link: https://www.econbiz.de/10012470703

Incumbent Behavior : Vote Seeking, Tax Setting and Yardstick Competition

Besley, Timothy - 1992

This paper presents a theoretical and empirical investigation of tax competition when voters use the tax policy of neighboring jurisdictions as information to evaluate the performance of their incumbent politicians. We show that this has implications both for voter tolerance of high taxes and...

Persistent link: https://www.econbiz.de/10012474939

Group-based Voting in Multicandidate Elections

Bouton, Laurent - 2017

We study the properties of the group-based model of voting in elections with more than two candidates. We consider two of the most widely used electoral rules around the world: plurality and majority runoff. We fully characterize the set of equilibria under both rules and identify the features...

Persistent link: https://www.econbiz.de/10012453816

Unanimous Rules in the Laboratory

Bouton, Laurent - 2016

We study the information aggregation properties of unanimous voting rules in the laboratory. In line with theoretical predictions, we find that majority rule with veto power dominates unanimity rule. We also find that the strategic voting model is a fairly good predictor of observed subject...

Persistent link: https://www.econbiz.de/10012456730

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