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Prior research on "strategic voting" has reached the conclusion that unanimity rule is uniquely bad: it results in destruction of information, and hence makes voters worse off. We show that this conclusion depends critically on the assumption that the issue being voted on is exogenous, i.e.,...
Persistent link: https://www.econbiz.de/10003787573
Prior research on 'strategic voting' has reached the conclusion that unanimity rule is uniquely bad: it results in destruction of information, and hence makes voters worse off. We show that this conclusion depends critically on the assumption that the issue being voted on is exogenous, i.e.,...
Persistent link: https://www.econbiz.de/10010277536
Prior research on quot;strategic votingquot; has reached the conclusion that unanimity rule is uniquely bad: it results in destruction of information, and hence makes voters worse off. We show that this conclusion depends critically on the assumption that the issue being voted on is exogenous,...
Persistent link: https://www.econbiz.de/10012731002
In the paper, we study a relation between command games proposed by Hu and Shapley and an influence model. We show that our framework of influence is more general than the framework of the command games. We define several influence functions which capture the command structure. These functions...
Persistent link: https://www.econbiz.de/10012714289
A committee of experts votes between a multi-attribute alternative and status quo. Each expert is a biased specialist who can privately evaluate only one attribute and puts more weight on it. We study whether a social-minded principal would compose the committee of more or less biased experts....
Persistent link: https://www.econbiz.de/10012117552
decision making under majority rule has preoccupied social theorists since Condorcet in the late 18th century. In theory …
Persistent link: https://www.econbiz.de/10014033664
This chapter surveys the literature on strategy proofness from a historical perspective. While I discuss the connections with other works on incentives in mechanism design, the main emphasis is on social choice models.
Persistent link: https://www.econbiz.de/10014025183
under majority rule ahs preoccupied social theorists since Condorcet. In theory, subtle institutional modifications to pure …
Persistent link: https://www.econbiz.de/10014207079
a higher expected level of investment in comparison to the case where social insurance is determined by an appointed … private investment can help overcome commitment problems. These findings call into question the practice of using a …
Persistent link: https://www.econbiz.de/10011536320
The Qualified Majority Voting (QMV) used by the Council of the European Union developed to a high degree of complexity from one modifying treaty to another, until the latest definition stipulated in the Treaty of Lisbon. This paper analyses this EU intra-institutional voting method using a...
Persistent link: https://www.econbiz.de/10014310935