Showing 1 - 10 of 149
We experimentally study behavior in a simple voting game where players have private information about their preferences. With random matching, subjects overwhelmingly follow the dominant strategy to exaggerate their preferences, which leads to inefficiency. We analyze an exogenous linking...
Persistent link: https://www.econbiz.de/10003894591
We assess the predictive power of a model of other-regarding preferences - inequality aversion - using a within … predictive power at the aggregate level but performs less well at the individual level. The model seems to capture various …
Persistent link: https://www.econbiz.de/10008667623
Optimal voting rules have to be tailored to the underlying distribution of preferences. This paper shows that the introduction of a stage at which agents may themselves choose voting rules according to which they decide in a second stage may increase the sum of individuals' payoffs if players...
Persistent link: https://www.econbiz.de/10011624232
Optimal voting rules have to be tailored to the underlying distribution of preferences. This paper shows that the introduction of a stage at which agents may themselves choose voting rules according to which they decide in a second stage may increase the sum of individuals' payoffs if players...
Persistent link: https://www.econbiz.de/10012958449
Optimal voting rules have to be adjusted to the underlying distribution of preferences. However, in practice there usually is no social planner who can perform this task. This paper shows that the introduction of a stage at which agents may themselves choose voting rules according to which they...
Persistent link: https://www.econbiz.de/10010490626
We assess the predictive power of a model of other-regarding preferences - inequality aversion - using a within … predictive power at the aggregate level but performs less well at the individual level. The model seems to capture various …
Persistent link: https://www.econbiz.de/10008694132
Several authors have made attempts to improve the explanatory power of models of inequality aversion, in particular the one by Fehr and Schmidt (1999), by adding concerns for total surplus or efficiency. In this note, I point out that these attempts are misguided because they are equivalent to a...
Persistent link: https://www.econbiz.de/10010573037
We experimentally study behavior in a simple voting game where players have private information about their preferences. With random matching, subjects overwhelmingly follow the dominant strategy to exaggerate their preferences, which leads to inefficiency. We analyze an exogenous linking...
Persistent link: https://www.econbiz.de/10010299751
We assess the predictive power of a model of other-regarding preferences - inequality aversion - using a within … predictive power at the aggregate level but performs less well at the individual level. The model seems to capture various …
Persistent link: https://www.econbiz.de/10010302575
We experimentally study behavior in a simple voting game where players have private information about their preferences. With random matching, subjects overwhelmingly follow the dominant strategy to exaggerate their preferences. Applying the linking mechanism suggested by Jackson and...
Persistent link: https://www.econbiz.de/10005765384