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Can mechanism design save democracy? We propose a simple design that offers a chance: individuals pay for as many votes as they wish using a number of "voice credits" quadratic in the votes they buy. Only quadratic cost induces marginal costs linear in votes purchased and thus welfare optimality...
Persistent link: https://www.econbiz.de/10012975457
This online appendix proves the central result in Lalley and Weyl (Forthcoming). The full text PDF for "Qaudratic Voting: How Mechanism Design Can Radicalize Democracy" may be found here: http://ssrn.com/abstract=2003531
Persistent link: https://www.econbiz.de/10014126996
The paper considers a voting model where each voter's type is her preference. The type graph for a voter is a graph whose vertices are the possible types of the voter. Two vertices are connected by an edge in the graph if the associated types are "neighbors." A social choice function is locally...
Persistent link: https://www.econbiz.de/10012806446
We investigate whether the simple plurality rule aggregates information efficiently in a large election with three alternatives. The environment is the same as in the Condorcet Jury Theorem (Condorcet (1785)). Voters have common preferences that depend on the unknown state of nature, and they...
Persistent link: https://www.econbiz.de/10010274750
This paper experimentally analyzes the effects if signatories to an international environmental agreement (IEA) apply different voting schemes to determine the terms of the agreement. To this end, unanimity, qualified majority voting, and simple majority voting are compared with respect to the...
Persistent link: https://www.econbiz.de/10010302595
In modern elections, ideologically motivated candidates with a wealth of information about individual voters and sophisticated campaign strategies are faced by voters who lack awareness of some political issues and are uncertain about the exact political positions of candidates. We study to what...
Persistent link: https://www.econbiz.de/10010255046
This paper experimentally analyzes the effects if signatories to an international environmental agreement (IEA) apply different voting schemes to determine the terms of the agreement. To this end, unanimity, qualified majority voting, and simple majority voting are compared with respect to the...
Persistent link: https://www.econbiz.de/10008660455
It is proved that, among all restricted preference domains that guarantee consistency (i.e. transitivity) of pairwise majority voting, the single-peaked domain is the only minimally rich and connected domain that contains two completely reversed strict preference orders. It is argued that this...
Persistent link: https://www.econbiz.de/10011558266
In this paper, we study the potential implications of a novel yet natural voting system: strategic sequential voting. Each voter has one vote and can choose when to cast his vote. After each voting period, the current count of votes is publicized enabling subsequent voters to use this...
Persistent link: https://www.econbiz.de/10011514799
We investigate whether the simple plurality rule aggregates information efficiently in a large election with three alternatives. The environment is the same as in the Condorcet Jury Theorem (Condorcet (1785)). Voters have common preferences that depend on the unknown state of nature, and they...
Persistent link: https://www.econbiz.de/10009127595