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We study the role of self-interest and social preferences in referenda. Our analysis is based on collective purchasing decisions of university students on deep-discount flat rate tickets for public transportation and culture. Individual usage data allows quantifying monetary benefits associated...
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We develop and test a theory of voting and turnout decisions that integrates self-interest, social preferences, and …
Persistent link: https://www.econbiz.de/10011645032
We develop and test a theory of voting and turnout decisions that integrates self-interest, social preferences, and …
Persistent link: https://www.econbiz.de/10011657009
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Due to its simplicity the plurality voting system is frequently used to choose a common representative or project. Nevertheless it may fail to provide a socially efficient decision as a majority can outvote any minority even if the majority’s gain does not compensate the loss suffered by the...
Persistent link: https://www.econbiz.de/10003720837