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A committee is choosing between two alternatives. If the required supermajority is not reached, voting is repeated …. If a supermajority is required instead, the power to select the outcome moves from the median voter to the more extreme … have very many almost indifferent voters and some very opinionated ones, the more stringent a supermajority is required for …
Persistent link: https://www.econbiz.de/10010931006
European legislation is an often studied topic of research into decision rules, since it provides for a large number of different rules and the interaction of different voting bodies. However, research on European Integration concentrates on the choice rather within than of rules. Relative...
Persistent link: https://www.econbiz.de/10005754811
The War of Attrition is a classical game theoretic model that was first introduced to mathematically describe certain non-violent animal behavior. The original setup considers two participating players in a one-shot game competing for a given prize by waiting. This model has later been extended...
Persistent link: https://www.econbiz.de/10011241590
Persistent link: https://www.econbiz.de/10005056461
We study a model of collective decision making in which agents vote on the decision repeatedly until they agree, with the agents receiving no exogenous new information between two voting rounds but incurring a delay cost. Although preference conflict between the agents makes information...
Persistent link: https://www.econbiz.de/10005704713
This paper provides an analytical characterization of Markov perfect equilibria in a politico-economic model with repeated voting, where agents vote over distortionary income redistribution. The key feature of the theory is that the future constituency of redistributive policies depends...
Persistent link: https://www.econbiz.de/10005772313
This paper analyzes the political sustainability of the welfare state in a model where immigration policy is also endogenous. In the model, the skills of the native population are affected by immigration and skill accumulation. Moreover, immigrants affect future policies, once they gain the...
Persistent link: https://www.econbiz.de/10005772542
This paper investigates the conditions for the emergence of implicit intergenerational contracts without assuming reputation mechanisms, commitment technology and altruism. We present a tractable dynamic politico-economic model in OLG environment where politicians play Markovian strategies in a...
Persistent link: https://www.econbiz.de/10008534539
The pay-as-you-go social security system, burdened by dwindling labour force, can benefit from immigrants, with birth rates that exceed the native-born birth rates. Thus, the social security system effectively provides an incentive to liberalize migration policy through a political-economy...
Persistent link: https://www.econbiz.de/10005036245
This paper provides an analytical characterization of Markov perfect equilibria in a politico-economic model with repeated voting, where agents vote over distortionary income redistribution. The key feature of the theory is that the future constituency of redistributive policies depends...
Persistent link: https://www.econbiz.de/10005419659