Showing 51 - 60 of 155
We study approval voting in a setting with a fixed profile of individuals choices and variable societies. Four properties each linking choices made by a group of individuals to choices by its various subgroups are introduced, and are used for characterizing approval voting
Persistent link: https://www.econbiz.de/10014153570
In this paper, we consider the problem that a benevolent designer wants to provide a non-excludable public good with a fixed cost to agents with privately known valuations. Adopting utilitarian's point of view, the designer maximizes the ex-ante total utility of all agents. The impossibility...
Persistent link: https://www.econbiz.de/10014157918
With elections looming in the Philippines, first-time voters are confronted with a serious dilemma: distrust and doubt with the government; hence, political cynicism. Hence, the purpose of the study is to characterize political cynicism as perceived by college students who are first-time voters...
Persistent link: https://www.econbiz.de/10014124072
This article examines the nature of disclosure standards, under the assumption that (i) standards preferred by more firms are collectively chosen and (ii) privately informed firms prefer standards that increase market perceptions about the value of their assets. A standard is stable if it is...
Persistent link: https://www.econbiz.de/10014126302
Democratic direct voting on issues (in the form of referenda) suffers from the tyranny of the majority as well as potentially supporting extremist and populist positions. We state 4 fair voting principles for issue based voting, and show that current direct voting systems are not consistent with...
Persistent link: https://www.econbiz.de/10014080650
The theory of repeated games offers a compelling rationale for cooperation in a variety of environments. Yet, its consequences for collective decision-making have been largely unexplored. In this paper, we propose a general model of repeated voting in committees and study equilibrium behavior...
Persistent link: https://www.econbiz.de/10014084104
In a recent paper, Sprumont (1991) showed that the uniform rule (Benassy, 1982) on the single-peaked domain (Black, 1948) is the only rule that satisfies strategy-proofness, anonymity, and efficiency. This result motivates us to investigate whether there is a larger domain on which there exists...
Persistent link: https://www.econbiz.de/10014103531
Different beliefs about how fair social competition is and what determines income inequality, influence the redistributive policy chosen democratically in a society. But the composition of income in the first place depends on equilibrium tax policies. If a society believes that individual effort...
Persistent link: https://www.econbiz.de/10014103828
This paper analyzes the incentive effects of pollution taxes versus pollution permits for a budget oriented Government. Pollution permits are analyzed as durable goods, and a pollution tax is seen as an equivalent to leasing pollution permits. First, a general model is developed and then four...
Persistent link: https://www.econbiz.de/10014111054
This paper explores the economic and political dimensions of responding to water scarcity by increasing supply rather than reducing demand with examples from San Diego (US), Almeria (ES) and Riyadh (SA). Each case explains how leaders benefit by obscuring the costs of desalinated supplies. In...
Persistent link: https://www.econbiz.de/10014142200