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We provide an explanation for why committees may behave over-cautiously. A committee of experts makes a decision on a … aggregation fails in large committees: under any majority rule, the committee rejects the innovation almost surely. …
Persistent link: https://www.econbiz.de/10010331153
information aggregation. Despite this, unanimity is frequently used in committees making decisions on behalf of society. This … rationale for the widespread use of unanimous voting. …
Persistent link: https://www.econbiz.de/10011700509
committees are more likely to default than large committees. Thus, constituencies can decide about degrees of commitment by …
Persistent link: https://www.econbiz.de/10010306978
experiment with fiveperson committees that compares three alternative voting rules: unanimity (q=5); majority (q=3); and … each district. We analyze the Markov perfect equilibrium under different voting q-rules where q is the number of yes votes …
Persistent link: https://www.econbiz.de/10010307744
It can be advantageous for an office motivated party A to spend effort to make it public that a group of voters will lose from party A’s policy proposal. Such effort is called inverse campaigning. The inverse campaigning equilibria are described for the case where the two parties can...
Persistent link: https://www.econbiz.de/10010306994
for SD, but mainly when priorities are merit-based. Stated voting motives indicate that choosing SD is driven by concerns …
Persistent link: https://www.econbiz.de/10014320841
Klassischerweise üben Vertreter der Wirtschaft sich jenseits der unmittelbaren Betroffenheit weitgehend parteipolitischer Enthaltsamkeit. Da sich in der Bundesrepublik mit der Alternative für Deutschland (AfD) eine von ihrer wirtschaftspolitischen Programmatik her liberal-rechtspopulistische...
Persistent link: https://www.econbiz.de/10014478443
Ostdeutschen AfD-Landesverbände sind radikaler aufgestellt als ihre westdeutschen Pendants und ihre politische Durchschlagskraft könnte sich bei den Landtagswahlen in Sachsen, Thüringen und Brandenburg im September noch vergrößern. Trotz der mittlerweile vielfachen Warnungen vor nicht...
Persistent link: https://www.econbiz.de/10015050993
This paper considers incentives for information acquisition ahead of conflicts. We characterize the (unique) equilibrium of the all-pay auction between two players with one-sided asymmetric information. The type of one player is common knowledge. The type of the other player is drawn from a...
Persistent link: https://www.econbiz.de/10010306972
From the regulation of sports to lawmaking in parliament, in many situations one group of people ("agents") make decisions that affect the payoffs of others ("principals") who may offer action-contingent transfers in order to sway the agents' decisions. Prat and Rustichini (2003) characterize...
Persistent link: https://www.econbiz.de/10012102285