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In most instances of collective decision-making, it cannot be expected that all persons who are entitled to vote will end up doing so. This has led institutional designers, out of concerns with the “legitimacy” of decisions, to introduce quorum requirements. A prominent example of this can...
Persistent link: https://www.econbiz.de/10014160535
experiments featuring policy profiles based on parties’ real-world manifestos and find that these utilities only partially explain …
Persistent link: https://www.econbiz.de/10014260060
Using data from an experiment by Forsythe, Myerson, Rietz, and Weber (1993), designed for a different purpose, we test the "standard theory" that players have preferences only over their own mentary payoffs and that play will be in (evolutionary stable) equilibrium. In the experiment each...
Persistent link: https://www.econbiz.de/10011284229
Herein, we prove a Condorcet jury theorem (CJT) for large elections with multiple alternatives. Voters have common interests that depend on an unknown state of nature. Each voter receives an imprecise private signal about the state of nature and then submits one vote (simple plurality rule). We...
Persistent link: https://www.econbiz.de/10012168613
We study both theoretically and experimentally the set of Nash equilibria of a classical one-dimensional election game with two candidates. These candidates are interested in power and ideology, but their weights on these two motives are not necessarily identical. Apart from obtaining the well...
Persistent link: https://www.econbiz.de/10010198494
series of laboratory experiments, as we observe convergence to the Nash equilibrium values at the aggregate as well as the …
Persistent link: https://www.econbiz.de/10009271606
We study a model of elections in non-majoritarian systems that captures the link between competition in policies and competition in campaign spending. We argue that the overall competitiveness of the political arena depends both on the endogenous number of parties contesting the election and the...
Persistent link: https://www.econbiz.de/10014197442
Persistent link: https://www.econbiz.de/10014204686
Parties value unity, yet, members of parliament face competing demands, giving them incentives to deviate from the party line. For members of the European Parliament (MEPs), these competing demands are national party and European party group pressures. Here, we look at how MEPs respond to those...
Persistent link: https://www.econbiz.de/10014205867
I develop a model of strategic entry by candidates for office in runoff elections under aggregate uncertainty. I introduce aggregate uncertainty by making candidates unsure of the distribution of voter preferences in the electorate. The set of three candidate equilibria expands and equilibrium...
Persistent link: https://www.econbiz.de/10012921841