Showing 1 - 10 of 2,789
This paper investigates whether distributional conflicts become more likely when groups are involved in the fight. We present results from a laboratory experiment in which two parties can appropriate resources via a contest or, alternatively, take an outside option. Keeping monetary gains...
Persistent link: https://www.econbiz.de/10014390274
Which decision rule should we use to make a binary collective choice? While voting procedures are applied ubiquitously, they are criticized for being inefficient. Using monetary transfers, efficient choices can be made at the cost of a budget imbalance. Is it optimal to do so? And why are...
Persistent link: https://www.econbiz.de/10010342115
experimentally show that participation constraints can prevent their implementation. We find strong indications that individual … participation constraints when designing choice institutions. …
Persistent link: https://www.econbiz.de/10011570166
We propose a two-period model of a committee with sequentially voting members, who may differ in their degree of efficiency. In this model we examine whether the publication of the committee's voting records is desirable. We show that first-period welfare is higher if voting records remain...
Persistent link: https://www.econbiz.de/10014051614
We study the effect of public information on collective decision-making in a committee with members of both common and conflicting interests. We show that the set of preferences that allow for the existence of an informative voting equilibrium can be heavily restricted by the presence of a...
Persistent link: https://www.econbiz.de/10010512059
We consider a committee voting setup with two rounds of voting where committee members who possess private information about the state of the world have to make a binary decision. We investigate incentives for truthful revelation of their information in the first voting period. Coughlan (2000)...
Persistent link: https://www.econbiz.de/10011430746
This paper analyzes responsibility attributions for outcomes of collective decision making processes. In particular, we ask if decision makers are blamed for being pivotal if they implement an unpopular outcome in a sequential voting process. We conduct an experimental voting game in which...
Persistent link: https://www.econbiz.de/10010243444
This paper provides new empirical evidence on policy-makers' voting patterns on interest rates. Applying (pooled) Taylor-type rules and using real-time information available from published inflation reports and voting records, the paper tests for heterogeneity among committee members in three...
Persistent link: https://www.econbiz.de/10013120227
Despite the wide variety of agendas used in legislative settings, the literature on sophisticated voting has focused on two formats, the so-called Euro-Latin and Anglo-American agendas. In the current paper, I introduce a broad class of agendas whose defining structural features,...
Persistent link: https://www.econbiz.de/10012415641
We study the effect of public information on collective decision-making in committees, where members can have both common and conflicting interests. In the presence of public information, the simple and efficient vote-your-signal strategy profile no longer constitutes an equilibrium under the...
Persistent link: https://www.econbiz.de/10011729095