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We study political competition in an environment in which voters have private information about their preferences. Our …
Persistent link: https://www.econbiz.de/10010358277
Persistent link: https://www.econbiz.de/10003807183
We study a model of imperfectly discriminating contests with two ex ante symmetric agents. We consider four institutional settings: Contestants move either sequentially or simultaneously and in addition their types are either public or private information. We find that an effort-maximizing...
Persistent link: https://www.econbiz.de/10009124645
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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
Which decision rule should we use to make a binary collective choice? While voting procedures are applied ubiquitously … qualified majority voting. Our result shows that using a VCG mechanism is not superior to voting in general and justifies the … use of voting mechanisms. It thereby could explain why many decision rules employed in practice do not rely on monetary …
Persistent link: https://www.econbiz.de/10010342115
We study the interdependence of optimal tax and expenditure policies. An optimal policy requires that information on preferences is made available. We first study this problem from a general mechanism design perspective and show that efficiency is possible only if the individuals who decide on...
Persistent link: https://www.econbiz.de/10012724347
We study political competition in an environment in which voters have private information about their preferences. Our …
Persistent link: https://www.econbiz.de/10013315596
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
Within-group communication in competitive coordination games has been shown to increase competition between groups and … communication, it leads to more aggressive competition and lower efficiency relative to the case when neither group can communicate …
Persistent link: https://www.econbiz.de/10012970700