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Optimality and equilibrium for binary decision problems in a committee
Laslier, Jean-François; Weibull, Jörgen W. - 2008
states of the world. We characterize the optimal anonymous and deterministic voting rule and provide a homogeneity assumption … on preferences and beliefs under which sincere voting is a Nash equilibrium for this rule. We also provide a necessary … and sufficient condition for sincere voting to be an equilibrium under any deterministic majoritarian voting rule. We show …
Persistent link: https://www.econbiz.de/10010281176
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Utilitarianism, Voting and the Redistribution of Income
Usher, Dan - 2017
Utilitarianism can be misplaced or ambiguous. As a prescription for individual behaviour, the injunction to seek the … can only be reconciled by compromise or by voting. The greatest number must be of citizens alive today, but governments …
Persistent link: https://www.econbiz.de/10011939436
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Semi-Flexible Majority Rules for Public Good Provision
Gersbach, Hans; Tejada, Oriol - 2017
We introduce a two-stage, multiple-round voting procedure where the thresholds needed for approval require a qualified …
Persistent link: https://www.econbiz.de/10011753336
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Characterizing the top cycle via strategyproofness
Brandt, Felix; Lederer, Patrick - In: Theoretical Economics 18 (2023) 2, pp. 837-883
Gibbard and Satterthwaite have shown that the only single-valued social choice functions (SCFs) that satisfy non-imposition (i.e., the function's range coincides with its codomain) and strategyproofness (i.e., voters are never better off by misrepresenting their preferences) are dictatorships....
Persistent link: https://www.econbiz.de/10014537036
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Interpreting the will of the people: A positive analysis of ordinal preference aggregation
Ambuehl, Sandro; Bernheim, Bert Douglas - 2021
We investigate how individuals think groups should aggregate members' ordinal preferences - that is, how they interpret "the will of the people." In an experiment, we elicit revealed attitudes toward ordinal preference aggregation and classify subjects according to the rules they apparently...
Persistent link: https://www.econbiz.de/10012631631
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Interpreting the will of the people: Social preferences over ordinal outcomes
Ambuehl, Sandro; Bernheim, Bert Douglas - 2024
We investigate the nature of social preferences when a decision maker's information is limited to group members' ordinal rankings. By studying choices made on behalf of others, we identify social choice rules that embody the normative values decision makers implicitly favor. Few people are...
Persistent link: https://www.econbiz.de/10014468187
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Election campaigns, agenda setting and electoral outcomes
Holler, Manfred; Skott, Peter - 2004
Framing effects and bounded rationality imply that election campaigns may be an important determinant of election outcomes. This paper uses a two-party setting and simple game theoretic models to analyse the strategic interaction between the parties' campaign decisions. Alternations of power...
Persistent link: https://www.econbiz.de/10010456985
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On J.M. Keynes' The principal averages and the laws of error which lead to them: refinement and generalisation
Klein, Ingo; Grottke, Michael - 2008
the arithmetic mean, the geometric mean, the harmonic mean, or the median. His approach was based on indirect (i …
Persistent link: https://www.econbiz.de/10010299745
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Quality standards for passenger trains: Political majorities and environmental costs
Rothbauer, Julia; Sieg, Gernot - 2010
This study analyzes the minimum quality standard set by the European Union (EU) through Regulation 1371/2007 of Rail Passengers' Rights and Obligations. A welfare maximizing quality standard raises quality and consumer satisfaction, but does not improve the modal split of rail transport. A...
Persistent link: https://www.econbiz.de/10010307170
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A brief analysis of aggregate measures as an alternative to the median at Central Bank of Brazil's Survey of Professional Forecasts
de Carvalho, Fabia A. - In: EconomiA 14 (2013) 2, pp. 11-26
's Survey of Professional Forecasts that are alternative to the median response. We build time series with the mode and core … compare them to the median response with respect to their predictive power in a 12-month-ahead horizon. We also compare the …
Persistent link: https://www.econbiz.de/10011858385