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. In this paper we examine how in a two-party system polarization and political instability affectlearning through …. Furthermore, in contrast to the existing literature, wedemonstrate that, when elections are exogenous, polarization between …
Persistent link: https://www.econbiz.de/10011256440
the representative voter’s point of view. We show that when parties are office motivated the voting rule should encourage … parties to collect information. Voting rules that focus on the opposition party sometimes dominate voting rules that focus on …
Persistent link: https://www.econbiz.de/10011256947
qualityhas been acquired or not, we compare the performance of a delegation structure with that oftwo voting procedures …. Delegation makes one's acceptance decision pivotal by definition.The decisiveness of one's vote in a voting procedure depends on …
Persistent link: https://www.econbiz.de/10011257239
A firm may induce voters or elected politicians to support a policy it favors by suggesting that it is more likely to invest in a district whose voters or representatives support the policy. In equilibrium, no one vote may be decisive, and the policy may gain strong support though the majority...
Persistent link: https://www.econbiz.de/10011257421
Power index research has been a very active field in the last decades. Will this continue or are all the important questions solved? We argue that there are still many opportunities to conduct useful research with and on power indices. Positive and normative questions keep calling for...
Persistent link: https://www.econbiz.de/10011272591
Transparent decision-making processes are widely regarded as a prerequisite for the working of a representative democracy. It facilitates accountability, and citizens may suspect that decisions, if taken behind closed doors, do not promote their interests. Why else the secrecy? We provide a...
Persistent link: https://www.econbiz.de/10011255492
We explore how public opinion polls affect candidates' campaign spending in political competition. Generally, polls lead to (more) asymmetric behavior. Under a majority rule there always exists an equilibrium in which the initially more popular candidate invests more in the campaign and thereby...
Persistent link: https://www.econbiz.de/10011255586
We analyze general equilibrium relationships between trade policy and the household distribution of income, decomposing social welfare into real income level and variance components through Gini and Atkinson indexes. We embed these inequality-adjusted social welfare functions in a general...
Persistent link: https://www.econbiz.de/10011255634
particular they predict (i) a Polarization Effect: reduced strategic party choice when voting is voluntary makes voters more … choice, and how these relate to party polarization. Quantal response equilibria predict such interaction effects. In … likely to vote for extreme parties (conditional on voting at all); (ii) an Extremist Effect: voters supporting extreme …
Persistent link: https://www.econbiz.de/10011255685
We analyze the simplest Condorcet cycle with three players and three alternatives within a strategic bargaining model with recognition probabilities and costless delay. Mixed consistent subgame perfect equilibria exist whenever the geometric mean of the agents' risk coefficients, ratios of...
Persistent link: https://www.econbiz.de/10011255823