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productivity. Nevertheless, only a minority of sessions converge to this system, indicating a tendency for the voting process to … lead to suboptimal institutional choice. -- voting ; punishment ; voluntary contributions ; heterogeneity ; experiment …
Persistent link: https://www.econbiz.de/10003882556
Previous research has shown that opportunities for two-sided partner choice in finitely repeated social dilemma games can promote cooperation through a combination of sorting and opportunistic signaling, with late period defections by selfish players causing an end-game decline. How such...
Persistent link: https://www.econbiz.de/10010126752
productivity. Nevertheless, only a minority of sessions converge to this system, indicating tendency for the voting process to lead …
Persistent link: https://www.econbiz.de/10012710692
We study communication in committees selecting one of two alternatives when consensus is required and agents have private information about their preferences. Delaying the decision is costly, so a form of multiplayer war of attrition emerges. Waiting allows voters to express the intensity of...
Persistent link: https://www.econbiz.de/10011872697
A conclave is a voting mechanism in which a committee selects an alternative by voting until a sufficient supermajority … conclave leads to efficiency gains relative to simple majority voting. We also compare welfare properties of a static versus a …
Persistent link: https://www.econbiz.de/10011336977
heterogeneous expectations in one-to-one matching models and voting models, and show that the relaxation of the hypothesis of common …
Persistent link: https://www.econbiz.de/10011660644
We study communication in committees selecting one of two alternatives when consensus is required and agents have private information about their preferences. Delaying the decision is costly, so a form of multiplayer war of attrition emerges. Waiting allows voters to express the intensity of...
Persistent link: https://www.econbiz.de/10012915720
Persistent link: https://www.econbiz.de/10000543167
Persistent link: https://www.econbiz.de/10003769836
Persistent link: https://www.econbiz.de/10003996612