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The paper deals with the issue of lobbying, defined as a democratic means of promoting interests. The text tries to find answers to the problems in the current economic theory. The basic links are defined by using a simple graphic model, which are further examined by the SWOT analysis. The...
Persistent link: https://www.econbiz.de/10012131482
We investigate the welfare effects of policies that increase voter turnout in costly voting models. In a generalized costly voting model, we show that if the electorate is sufficiently large, then increasing voter turnout is generically efficient. Increasing turnout in small elections is only...
Persistent link: https://www.econbiz.de/10014063790
Costless pre-play communication has been found to effectively facilitate coordination and enhance efficiency in games with Pareto-ranked equilibria. We report an experiment in which two groups compete in a weakest-link contest by expending costly efforts. Allowing intra-group communication leads...
Persistent link: https://www.econbiz.de/10014191492
Early results on the emptiness of the core and the majority-rule-chaos results led to the recognition of the importance of modeling institutional details in political processes. A sample of the literature on game-theoretic models of political phenomena that ensued is presented. In the case of...
Persistent link: https://www.econbiz.de/10014024486
A prerequisite for the adoption of redistributive policies in a democracy is that there be elected representatives who are either committed to or who have an incentive to advocate for such policies. To evaluate the prospects of such an outcome, this pa- per develops a theory exploring two...
Persistent link: https://www.econbiz.de/10013087890