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We explore the limits of petitions and public protests as mechanisms to aggregate dispersed information. We show that if citizens’ signals are not sufficiently precise, information aggregation is impossible, even if the conflict with the policy-maker is small, no matter how large is the...
Persistent link: https://www.econbiz.de/10014138976
We conduct a laboratory experiment to study the incentives of a privileged group to share political power with another group when the two have conflicting interests. There are two groups of participants, the “yellows” and the “blues”. The yellows collectively choose the voting rule for a...
Persistent link: https://www.econbiz.de/10014149190