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Climate change is a global "free rider" problem because significant abatement of greenhouse gases is an expensive public good requiring international cooperation to apportion compliance among states. But it is also a global "free driver" problem because geoengineering the stratosphere with...
Persistent link: https://www.econbiz.de/10013089400
We distinguish between three sets of rights – property rights, political rights, and civil rights – and provide a taxonomy of political regimes. The distinctive nature of liberal democracy is that it protects civil rights (equality before the law for minorities) in addition to the other two....
Persistent link: https://www.econbiz.de/10013015971
We study the information aggregation properties of unanimous voting rules in the laboratory. In line with theoretical predictions, we find that majority rule with veto power dominates unanimity rule. We also find that the strategic voting model is a fairly good predictor of observed subject...
Persistent link: https://www.econbiz.de/10012999989
It is widely believed that politicians allocate public resources in ways to maximize political gains. But what is less clear is whether this comes at a cost to welfare; and if so, whether alternative electoral rules can help reduce these costs. In this paper, we address both of these questions by...
Persistent link: https://www.econbiz.de/10013001769
This paper studies the political determinants of inequality in government interventions under the majoritarian and proportional representation systems. Using a model of electoral competition with targetable government intervention and heterogeneous localities, we uncover a novel relative...
Persistent link: https://www.econbiz.de/10012908817
equilibrium outcome is generically inefficient. When redistribution is allowed (even small amounts), there always exists an … equilibrium that supports optimal experimentation for any voting rule without veto players. With veto players, however, optimal …
Persistent link: https://www.econbiz.de/10012911102
Storable Votes and Quadratic Voting are voting systems designed to account for voters' intensity of preferences. We test their performance in two samples of California residents using data on four initiatives prepared for the 2016 California ballot. We bootstrap the original samples and generate...
Persistent link: https://www.econbiz.de/10012893580
equilibrium uniqueness for a broad set of parameter values, quite crisp. Some results appear sensitive to the composition of …
Persistent link: https://www.econbiz.de/10012946033
The paper studies a voting scheme where members of a committee voting sequentially on a known series of binary proposals are each granted a single extra bonus vote to cast as desired - a streamlined version of Storable Votes. When the order of the agenda is exogenous, a simple sufficient...
Persistent link: https://www.econbiz.de/10012758153
For voters with quot;socialquot; preferences, the expected utility of voting is approximately independent of the size of the electorate, suggesting that rational voter turnouts can be substantial even in large elections. Less important elections are predicted to have lower turnout, but a...
Persistent link: https://www.econbiz.de/10012759742