We consider the design of an optimal voting system when voting is costly. For a private values model with two … alternatives we show the optimality of a voting system that combines three elements: (i) there is an arbitrarily chosen default … decision and non-participation is interpreted as a vote in favor of the default; (ii) voting is sequential; (iii) not all …

executive (President) are riddled with voting paradoxes. Superior to a single vote are some methods with preference orderings …

help make such rules effective include the presence of informal sanctions by peers, and implementation through voting. I … study the impact of non-deterrent formal sanctions on voluntary contributions to a public good in a laboratory experiment … after both implemented and randomly overridden voting. I find that informal sanctions strengthen the effect of formal ones …

positions. In a probabilistic voting model, we show that a lack of financial institutions can lead to more corruption as more …

weights as an imaginary voter submitting preferences over alternatives in the form of an ordered list. With this voting …

have different preferences as shown in the voting patterns. Also, there has been reduction in inflation, money and stock … both the money and stock markets in the period when the central bank started releasing the personal statements and voting …

Backward induction is a cornerstone of modern game theory. Yet, laboratory experiments consistently show that subjects …. This paper develops a simple model of sequential voting in the U.S. Senate that allows for a straightforward test of the …