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Persistent link: https://www.econbiz.de/10003807183
We study political competition in an environment in which voters have private information about their preferences. Our …
Persistent link: https://www.econbiz.de/10010358277
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
We consider a (pure) public goods provision problem with voluntary participation in a quasi-linear economy. We propose a new hybrid solution concept, the free-riding-proof core (FRP-Core), which endogenously determines a contribution group, public goods provision level, and how to share the...
Persistent link: https://www.econbiz.de/10011694996
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
Persistent link: https://www.econbiz.de/10015070795
for information aggregation ensure that individuals behave as if they were engaging in informative voting over the level …
Persistent link: https://www.econbiz.de/10010374864
Persistent link: https://www.econbiz.de/10012309698
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
conflicting interests. We show that the set of preferences that allow for the existence of an informative voting equilibrium can … voting threshold value. What's worse, the presence of the public information introduces an inefficient equilibrium which … robustly exists across different voting rules. To mitigate the harmful effect of the public information, we propose to use a …
Persistent link: https://www.econbiz.de/10010512059