Showing 1 - 10 of 138
Persistent link: https://www.econbiz.de/10012981658
According to retrospective voting a bad economy hurts the incumbent party and vice versa. According to risk …-aversion voting a bad economy favors the Democrats over the Republicans and vice versa. This paper provides a test of both theories … and rejects risk-aversion voting …
Persistent link: https://www.econbiz.de/10013238320
This introduces the symposium on judgment aggregation. The theory of judgment ag­gregation asks how several individuals' judgments on some logically connected propositions can be aggregated into consistent collective judgments. The aim of this intro­duction is to show how ideas from the...
Persistent link: https://www.econbiz.de/10014198281
This paper studies a class of multi-self decision-making models proposed in economics, psychology, and marketing. In this class, choices arise from the set-dependent aggregation of a collection of utility functions, where the aggregation procedure satisfies some simple properties. We propose a...
Persistent link: https://www.econbiz.de/10014216568
A two-house legislature can often be modelled as a proper simple game whose outcome depends on whether a coalition wins, blocks or loses in two smaller proper simple games. It is shown that there are exactly five ways to combine the smaller games into a larger one. This paper focuses on one of...
Persistent link: https://www.econbiz.de/10012778559
We provide an axiomatization of generalized utilitarian social welfare functions in the context of Harsanyi's impartial observer theorem. To do this, we reformulate Harsanyi's problem such that lotteries over identity (accidents of birth) and lotteries over outcomes (life chances) are...
Persistent link: https://www.econbiz.de/10012779382
We construct an equilibrium model of party competition, in which parties are especially concerned with their core and swing voters, concerns which American political scientists have focused upon in their attempts to understand party behavior in general elections.Parties compete on a large policy...
Persistent link: https://www.econbiz.de/10012772801
such regression. Also, it is not simply voting against the party in the White House, because the presidential variable is a …
Persistent link: https://www.econbiz.de/10012777674
The timing of elections is flexible in many countries. We study this optimization, by first creating a Bayesian learning model of a mean-reverting political support process. We then explore optimal electoral timing, modeling it as a renewable American option with interacting waiting and stopping...
Persistent link: https://www.econbiz.de/10012778501
We assess the capacity of gerrymandering to undermine the will of the people in a representative democracy. Citizens have political positions represented on a spectrum, and electoral maps separate people into districts. We show that unrestrained gerrymandering can severely distort the...
Persistent link: https://www.econbiz.de/10013293627