This paper deals with approval voting and its critical strategy profile. Approval voting is a single winner voting system used for multi-candidate elections. In this method each voter may vote for as many of the candidates as she wishes that is the voter votes for all candidates of whom the...

This paper deals with approval voting and its critical strategy profile. Approval voting is a single winner voting system used for multi-candidate elections. In this method each voter may vote for as many of the candidates as she wishes that is the voter votes for all candidates of whom the...

We characterize the outcome of majority voting for single--peaked preferences on median spaces. This large class of preferences covers a variety of multi--dimensional policy spaces including products of lines (e.g.\ grids), trees, and hypercubes. Our main result is the following: If a Condorcet...

Economic organization of the imaginary worlds depicted in popular literary works may be viewed as a mirror to public opinion on the economic organization of life. If a book becomes a best-seller, it is because the book conveys messages, feelings, and events the readers can relate to. In other...

Resumen: en 2009 América Latina vive un proceso electoral agitado: siete elecciones presidenciales, dos referendos y tres elecciones legislativas, así lo evidencian. Sin embargo, son las elecciones presidenciales las que mayor interés despiertan, debido a la ola reeleccionista que agita a la...

Conventional arguments suggest that republics ought to grow faster than monarchies and experience lower transitional costs following reforms. We employ a panel of 27 countries observed from 1820 to 2000 to estimate these differences. Results show no significant growth differences between the two...

This paper explores the extent to which episodes of democratization can be explained by variation in income inequality. Modern empirical tests of this relationship have generally yielded null results, which we argue follow from the estimation of mis-specified models. Guided by a theoretical...

We develop a theoretical framework where the chance of any given democratic society maintaining its democratic status is determined by two key factors: economic security and democratic capital. Our model predicts democracy breakdown is more likely (1) the lower the level of democratic capital,...

In this paper, we formulate a political system that can satisfy certain desirable characteristics that include democratic participation, serving for universal interest, public sector efficiency, and sustainable by incentive compatibility and virtuous cycles. The system comprises a set of rules...