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We study experimentally the effectiveness of communication in common value committees exhibiting publicly known heterogeneous biases. We test models assuming respectively self-interested and strategic-, joint payoff-maximizing- and cognitively heterogeneous agents. These predict varying degrees...
Persistent link: https://www.econbiz.de/10011444227
during an election day. Using a pivotal costly voting model of elections in which voters have privately observed preferences …
Persistent link: https://www.econbiz.de/10012221414
This paper studies the design of tax systems that implement a planner's second-best allocation in a market economy. An example shows that the widely used Mirrleesian (1976) tax system cannot implement all incentive-compatible allocations. Hammond's (1979) "principle of taxation" proves that any...
Persistent link: https://www.econbiz.de/10010403177
This paper studies the design of tax systems that implement a planner's second-best allocation in a market economy. An example shows that the widely used Mirrleesian (1976) tax system cannot implement all incentive-compatible allocations. Hammond's (1979) "principle of taxation" proves that any...
Persistent link: https://www.econbiz.de/10010412846
, the effectiveness of the electricity tariff as a redistribution device is questionable in the presence of a progressive … model predicts that electricity prices should be subsidised in the presence of purely income redistribution concerns, we … conservation as well as income redistribution. …
Persistent link: https://www.econbiz.de/10011892503
Persistent link: https://www.econbiz.de/10012589567
private information truthfully before voting takes place. Depending on the distance between two feasible public good levels …, the optimal mechanism involves either one or two voting rounds. We show that procedural efficiency cannot be achieved by … communication among all citizens prior to voting. Finally, we outline several applications of the mechanism. …
Persistent link: https://www.econbiz.de/10011444451
We show theoretical and experimental results that demonstrate the potential of transparency to influence committee decision making and deliberation. We present a model in which committee members have career concerns and unanimity is needed to change the status quo. We study three scenarios -...
Persistent link: https://www.econbiz.de/10010486059
expert decide” in committee voting is influenced by the probability of corrupt experts, and that influence can have, to a …
Persistent link: https://www.econbiz.de/10010929078
political phenomena that ensued is presented. In the case of sophisticated voting over certain kinds of binary agendas, such as … sometimes yield “sophisticated sincerity”, where equilibrium voting behavior is indistinguishable from sincere voting. Under … behave leads to probabilistic voting models that typically yield utilitarian outcomes. Uncertainty among the voters over …
Persistent link: https://www.econbiz.de/10014024486