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 …

In an economic theory of voting, voters have positive or negative costs of voting in favor of a proposal and positive … or negative benefits from an accepted proposal. When votes have equal weight then simultaneous voting mostly has a unique … pure strategy Nash equilibrium which is independent of benefits. Voting with respect to (arbitrarily small) costs alone …