Showing 1 - 10 of 426
We study optimal policy experimentation by a committee. We consider a dynamic bargaining game in which committee members choose either a risky reform or a safe alternative each period. When no redistribution is allowed the unique equilibrium outcome is generically inefficient. When...
Persistent link: https://www.econbiz.de/10012911102
We study the properties of the group-based model of voting in elections with more than two candidates. We consider two of the most widely used electoral rules around the world: plurality and majority runoff. We fully characterize the set of equilibria under both rules and identify the features...
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
The paper studies a simple voting system that has the potential to increase the power of minorities without sacrificing …
Persistent link: https://www.econbiz.de/10012767511
Committees improve decisions by pooling independent information of members, but promote manipulation, obfuscation, and exaggeration of private evidence when members have conflicting preferences. We study how self-interest mediates these conflicting forces. When members' preferences differ, no...
Persistent link: https://www.econbiz.de/10013218407
This paper presents a theoretical and empirical investigation of tax competition when voters use the tax policy of neighboring jurisdictions as information to evaluate the performance of their incumbent politicians. We show that this has implications both for voter tolerance of high taxes and...
Persistent link: https://www.econbiz.de/10013292464
Why do people vote? We argue that social image plays a significant role in explaining turnout: people vote because others will ask. The expectation of being asked motivates turnout if individuals derive pride from telling others that they voted, or feel shame from admitting that they did not...
Persistent link: https://www.econbiz.de/10013060265
Under majoritarian election systems, securing participation and representation of minorities remains an open problem, made salient in the US by its history of voter suppression. One remedy recommended by the courts is Cumulative Voting (CV): each voter has as many votes as open positions and can...
Persistent link: https://www.econbiz.de/10014347634
political power can lead to multiple equilibria in the determination of public education spending. The main predictions of the …
Persistent link: https://www.econbiz.de/10012776201