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Numerous theoretical studies have shown that information aggregation through voting is fragile. We consider a model of information aggregation with vote-contingent payoffs and generically characterize voting behavior in large committees. We use this characterization to identify the set of...
Persistent link: https://www.econbiz.de/10012029166
Interest groups are introduced in a spatial model of electoral competition between two political parties. We show that, by coordinating voting behavior, these interest groups increase the winning set, which is defined as the set of policy platforms for the challenger that will defeat the...
Persistent link: https://www.econbiz.de/10003965090
A small committee has to approve/reject a project with uncertain return. Members have different preferences: some are value-maximizers, others are biased towards approval. We focus on the efficient use of scarce information when communication is not guaranteed, and we provide insights on the...
Persistent link: https://www.econbiz.de/10009490613
In this paper, we consider a committee of experts that decides whether to approve or reject a proposed innovation on …
Persistent link: https://www.econbiz.de/10010356364
This paper studies the effects of endogenous party formation on political platforms. It develops a model in which parties allow like-minded citizens to, first, share the cost of running in a public election and, second, coordinate on a policy platform. The paper characterizes the set of...
Persistent link: https://www.econbiz.de/10012652734
formal theory), and, most important, scrupulous attention to history and to the limitations of historical data. …
Persistent link: https://www.econbiz.de/10013453958
This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule. There is an even number of decision makers at each of various skill levels and each committee has an odd number of members. Surprisingly, even with the symmetric assumptions in...
Persistent link: https://www.econbiz.de/10009162101
This paper studies the effects on electoral competition of political parties relying on monetary donations and volunteer labour for their electioneering activities. It also examines whether a recorded decline in party activism increases special-interest influence on party policy platforms....
Persistent link: https://www.econbiz.de/10009535105
Collective contests are examined permitting heterogeneity of stakes within every competing group. Our first concern is whether unequal distribution of stakes in a group can enhance its win probability. Our second concern is whether a large stake in a group can be individually disadvantageous. We...
Persistent link: https://www.econbiz.de/10009700302
This paper studies collective contests with endogenous cost sharing, general effort costs and intra-group heterogeneity of prize-valuation. Our objective is to clarify the relationship between cost sharing, intra-group heterogeneity within the competing groups and the elasticity of the marginal...
Persistent link: https://www.econbiz.de/10010361507