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Majority rules are frequently used to decide whether or not a public good should be provided, but will typically fail to achieve an efficient provision. We provide a worst-case analysis of the majority rule with an optimally chosen majority threshold, assuming that voters have independent...
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The existing studies based on the well known rational voter theory analyze voter turnout as the aggregate of individuals' binary choice of to vote or not to vote. However, when people need to travel to vote, the cost associated with different travel modes directly affects their voting decisions....
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