voting. Under influence, these decisions can become inefficient. Therefore, the market for policies may be more likely to …, and payoff and information structures. We discuss implications for the efficiency of democracy, voting, lobbying …

voting. Under influence, these decisions can become inefficient. Therefore, the market for policies may be more likely to …, and payoff and information structures. We discuss implications for the efficiency of democracy, voting, lobbying …

committee to make decisions through voting is that a commitment device can be created out of it, without totally renouncing … flexibility to respond to unexpected contingenices. Appropriate voting procedures and a well chosen supermajority rule can make a … can mitigate time inconsistency by introducing a status quo bias. When voting institutions (ie. the committee …

the same probability p>1/2 of voting for the correct alternative. The probability that the correct alternative will win … under majority voting converges to 1 as the number of jurors increases. Hence the probability of an incorrect majority vote … evidence. Our main theorem shows that the probability that the correct alternative will win under majority voting converges to …

voting is the unique procedure for aggregating individul sets of judgments into collective ones in accordance with the above …