Showing 1 - 10 of 1,529
. There is an even number of decision makers at each of various skill levels and each committee has an odd number of members …
Persistent link: https://www.econbiz.de/10013123565
vote independently of each other. Thus, we receive as an empirical result what the previous voting power literature assumed …
Persistent link: https://www.econbiz.de/10012868829
the decision makers' posterior probabilities of a particular state of nature. Nevertheless, voting is generally an … voting mechanisms. The paper derives the conditions under which the optimal decision rule is equivalent to some well …-known voting procedure (weighted supermajority, weighted majority, and simple majority) and shows that these are very stringent …
Persistent link: https://www.econbiz.de/10013039595
committee members are to correctly identify the abilities of the different candidates …
Persistent link: https://www.econbiz.de/10012929073
voting and implementing term limits. We find that an approval voting system reduces the distortions by 7.5 percent. Term …
Persistent link: https://www.econbiz.de/10013001344
Despite the centrality of voting costs to the paradox of voting, little effort has been made to accurately measure …. Using this new measure of the opportunity cost of voting to predict turnout at the individual level, we find that small …
Persistent link: https://www.econbiz.de/10013122114
A conclave is a voting mechanism in which a committee selects an alternative by voting until a sufficient supermajority … conclave leads to efficiency gains relative to simple majority voting. We also compare welfare properties of a static versus a …
Persistent link: https://www.econbiz.de/10013015019
inversely with the size of his committee. In the special case of three-member committees, we show that the optimal allocation … maximizes the sum of the products of the experts' skills in each committee …
Persistent link: https://www.econbiz.de/10012993948
We compare single round vs runoff elections under plurality rule, allowing for partly endogenous party formation. Under runoff elections, the number of political candidates is larger, but the influence of extremist voters on equilibrium policy and hence policy volatility are smaller, because the...
Persistent link: https://www.econbiz.de/10013076816
economics. This paper explores voting on a scheme of intergroup competition which facilitates cooperation in a social dilemma … electoral outcome depends strongly on specific voting rules of institutional choice. If the majority decides, competition is …
Persistent link: https://www.econbiz.de/10013104948