Showing 1 - 10 of 13,796
We consider the problem of sequential search when the decision to stop searching is made by a committee. We show that a symmetric stationary equilibrium exists and is unique given that the distribution of rewards is log concave. Committee members set a lower acceptance threshold than do...
Persistent link: https://www.econbiz.de/10005396430
A set of voters consults experts before voting over two alternatives. Experts observe private signals about the values … of the alternatives and can reveal their information or conceal it, but cannot lie. We examine how disclosure and voting … vary with preference biases, signal precision, and the voting rule. Unanimity rule can lead to greater information …
Persistent link: https://www.econbiz.de/10010616897
candidates and when voters may express indifference, every voting rule satisfying Condorcet's principle must generate both of …
Persistent link: https://www.econbiz.de/10011109893
I analyze a costly voting model of elections, in which the incumbent can stuff the ballot box, to investigate how … electoral fraud affects the participation decisions of voters. I find that two stable equilibria may exist: first, a full … positive externality they produce on other voters when deciding to cast their votes, participation in coordination equilibrium …
Persistent link: https://www.econbiz.de/10010842888
We analyze costly information acquisition and information revelation in groups in a dynamic setting. Even when group members have perfectly aligned interests the group may inefficiently delay decisions. When deadlines are far away, uninformed group members freeride on each others' efforts to...
Persistent link: https://www.econbiz.de/10009246605
The paper investigates general properties of power indices, measuring the voting power in committees. Concepts of local …
Persistent link: https://www.econbiz.de/10005704167
voting outcome in period t becomes the status quo in period t+1. We study symmetric Markov equilibria of the resulting game … alternative, and the discount factor (committee "impatience"). We report several new findings. Voting behavior is selfish and …
Persistent link: https://www.econbiz.de/10005766851
What are the best voting systems in terms of utilitarianism? Or in terms of maximin, or maximax? We study these … questions for the case of three alternatives and a class of structurally equivalent voting rules. We show that plurality …, arguably the most widely used voting system, performs very poorly in terms of remarkable ideals of justice, such as …
Persistent link: https://www.econbiz.de/10005771963
This paper analyses leadership and charisma within the framework of social choice. In societies that lack formal institutional authorities, the power of leaders to coerce is limited. Under such conditions, we find that social outcomes will depend not only on policy preferences but also on how a...
Persistent link: https://www.econbiz.de/10005789794
interest in those parameters, voting patterns suggest significant influence of cooperative orientation, political attitudes …
Persistent link: https://www.econbiz.de/10008546994