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voters. Theory shows that in common interest problems where experts are correctly identified, the outcome can be superior to … simple majority voting. However, even when experts are correctly identified, delegation must be used sparely because it … underperforms relative to both universal voting and abstention …
Persistent link: https://www.econbiz.de/10013477287
For voters with "social" preferences, the expected utility of voting is approximately independent of the size of the … rational socially-motivated voting has a feedback mechanism that stabilizes turnout at reasonable levels (e.g., 50% of the …
Persistent link: https://www.econbiz.de/10012465085
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
We study the properties of the group-based model of voting in elections with more than two candidates. We consider two … equilibria under both rules and identify the features of an election that favor different types of voting behavior: either … sincere voting or coordination behind a limited number of candidates. Comparing plurality and majority runoff, we find that …
Persistent link: https://www.econbiz.de/10012453816
Democratic systems are built, with good reason, on majoritarian principles, but their legitimacy requires the protection of strongly held minority preferences. The challenge is to do so while treating every voter equally and preserving aggregate welfare. One possible solution is <i>Storable Votes</i>:...
Persistent link: https://www.econbiz.de/10012464542
, made salient in the US by its history of voter suppression. One remedy recommended by the courts is Cumulative Voting (CV …): each voter has as many votes as open positions and can cumulate votes on as few candidates as desired. Theory predicts that … CV encourages the minority to overcome obstacles to voting: although each voter is treated equally, CV increases minority …
Persistent link: https://www.econbiz.de/10012510552
This paper analyzes a model in which different rational individuals vote over the composition and time profile of public spending. Potential disagreement between current and future majorities generates instability in the social choice function that aggregates individual preferences. In...
Persistent link: https://www.econbiz.de/10012476301
Among political practitioners, there is conventional wisdom about the outcomes of critical and salient legislative votes. 'This vote,' we hear, ' will either win by a little or lose by a lot.' Real-world examples suggest coalition leaders purchase 'hip-pocket' votes and "if you need me" pledges,...
Persistent link: https://www.econbiz.de/10012471442
technologies that increase investor diversification or enable pass-through voting have important implications for these trade …
Persistent link: https://www.econbiz.de/10014576634
We study the competitive equilibrium of a market for votes where voters can trade votes for a numeraire before making a decision via majority rule. The choice is binary and the number of supporters of either alternative is known. We identify a sufficient condition guaranteeing the existence of...
Persistent link: https://www.econbiz.de/10012460087