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Persistent link: https://www.econbiz.de/10014558366
preferences (i.e. a 'voting rule')? And if so, which voting rule best describes their behavior? We show that a prominent neural … network can be trained to respect two fundamental principles of voting theory, the unanimity principle and the Pareto property … chooses, and find that among a number of popular voting rules its behavior mimics most closely the Borda rule. Indeed, the …
Persistent link: https://www.econbiz.de/10011558254
Persistent link: https://www.econbiz.de/10011656391
This chapter surveys the literature on strategy proofness from a historical perspective. While I discuss the connections with other works on incentives in mechanism design, the main emphasis is on social choice models.
Persistent link: https://www.econbiz.de/10014025183
I study the link between ethnic diversity, democracy, and corruption. In a static model, I show that contrary to conventional wisdom, corruption might emerge as a negative externality of democracy. This occurs through ethnicity, which appears as a rent-extracting technology in a democratic...
Persistent link: https://www.econbiz.de/10005248127
In the presence of competing interest groups, this paper examines how the form of votebuying contracts affects policy outcomes. We study contracts contingent upon individual votes, policy outcomes, and/or vote shares. Voters either care about their individual votes, or about the policy outcome....
Persistent link: https://www.econbiz.de/10005248248
In response to high and chronic inflation, countries have adopted different stabilization policies. However, the extent to which these stabilization programs were designed for political motives is not clear. Since exchange-rate-based stabilizations (ERBS) create an initial consumption boom...
Persistent link: https://www.econbiz.de/10005263919
institutional change in a context of technological innovation. When decisions are made through majority voting, the vote on … technology choice is used to influence the later vote on the sharing rule. We show how this dynamic voting generates a systematic … leads the firm to an institutional trap whereby majority voting and inefficient technology choice reinforce each other …
Persistent link: https://www.econbiz.de/10008528612
This paper analyses why corruption can persist for long periods in a democracy and inquires whether this can result from a well-informed rational choice of the citizens. By applying a citizen-candidate model of representative democracy, the paper analyzes how corruption distortsthe allocation of...
Persistent link: https://www.econbiz.de/10004999974
preferences (i.e. a 'voting rule')? And if so, which voting rule best describes their behavior? We show that a prominent neural … network can be trained to respect two fundamental principles of voting theory, the unanimity principle and the Pareto property … chooses, and find that among a number of popular voting rules its behavior mimics most closely the Borda rule. Indeed, the …
Persistent link: https://www.econbiz.de/10011559995