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The storable votes mechanism is a method of voting for committees that meet periodically to consider a series of binary … voting with non-storable votes. The equilibrium strategies have a very intuitive feature---the number of votes cast must be …
Persistent link: https://www.econbiz.de/10013324445
information. Instead, equilibrium strategies are many-to-one mappings that transform continuous data into ordered ranks: voting … procedures are the equilibrium methods of achieving a consensus in committees. Voting necessarily coarsens the transmission of … information among members, but is necessary to control conflicts of interest. The degree of coarseness of the equilibrium voting …
Persistent link: https://www.econbiz.de/10013218407
When a product's product provision entails fixed costs, it will be made available only if a sufficient number of people want it. Some products are produced and consumed locally, so that provision requires not only a large group favoring the product but a large number nearby. Just as one has an...
Persistent link: https://www.econbiz.de/10013239177
by candidate competition. Fourth, we observe negligible deviations from labor supply behavior or voting behavior in the …
Persistent link: https://www.econbiz.de/10013225000
Alternatives and Anonymity. This approach allows us to provide simple and illustrative proofs of May's Theorem, of variants of …
Persistent link: https://www.econbiz.de/10013236834
Why cooperation occurs when noncooperation appears to be individually rational has been an issue in economics for at least a half century. In the 1960's and 1970's the context was cooperation in the prisoner's dilemma game; in the 1980's concern shifted to voluntary provision of public goods; in...
Persistent link: https://www.econbiz.de/10013125580
This paper discusses what determines the preferences of individuals for redistribution. We review the theoretical literature and provide a framework to incorporate various effects previously studied separately in the literature. We then examine empirical evidence for the US, using the General...
Persistent link: https://www.econbiz.de/10012757663
Optimal policy rules--including those regarding income taxation, commodity taxation, public goods, and externalities--are typically derived in models with homogeneous preferences. This article reconsiders many central results for the case in which preferences for commodities, public goods, and...
Persistent link: https://www.econbiz.de/10012758594
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/10013001769
We study the properties of the group-based model of voting in elections with more than two candidates. We consider two … equilibria under both rules and identify the features of an election that favor different types of voting behavior: either … sincere voting or coordination behind a limited number of candidates. Comparing plurality and majority runoff, we find that …
Persistent link: https://www.econbiz.de/10012946033