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This chapter surveys the literature on strategy proofness from a historical perspective. While I discuss the connections with other works on incentives in mechanism design, the main emphasis is on social choice models.
Persistent link: https://www.econbiz.de/10014025183
The average voting procedure reflects the weighted average of expressed opinions in [0,1]. Participants typically … taste is central enough, the range of possible values for the average voting outcome is narrower than the corresponding … range for majority voting. For instance, if the average taste is at 1/2, the limit equilibrium outcome is this value plus or …
Persistent link: https://www.econbiz.de/10010317062
The average voting procedure reflects the weighted average of expressed opinions in [0,1]. Participants typically … taste is central enough, the range of possible values for the average voting outcome is narrower than the corresponding … range for majority voting. For instance, if the average taste is at 1/2, the limit equilibrium outcome is this value plus or …
Persistent link: https://www.econbiz.de/10009505651
preferences (i.e. a 'voting rule')? And if so, which voting rule best describes their behavior? We show that a prominent neural … network can be trained to respect two fundamental principles of voting theory, the unanimity principle and the Pareto property … chooses, and find that among a number of popular voting rules its behavior mimics most closely the Borda rule. Indeed, the …
Persistent link: https://www.econbiz.de/10011558254
Persistent link: https://www.econbiz.de/10011656391
This paper analyses political forces that cause an initial expansion of public spending on higher education and an ensuing decline in subsidies. Growing public expenditures increase the future size of the higher income class and thus boost future demand for education. This demand shift implies...
Persistent link: https://www.econbiz.de/10010261394
We show that the electorate's preferences for using tuition to finance higher education strongly depend on the design of the payment scheme. In representative surveys of the German electorate (N18,000), experimentally replacing regular upfront by deferred income-contingent payments increases...
Persistent link: https://www.econbiz.de/10012798216
We show that the electorate's preferences for using tuition to finance higher education strongly depend on the design of the payment scheme. In representative surveys of the German electorate (N18,000), experimentally replacing regular upfront by deferred income-contingent payments increases...
Persistent link: https://www.econbiz.de/10012804277
We show that the electorate’s preferences for using tuition to finance higher education strongly depend on the design of the payment scheme. In representative surveys of the German electorate (N18,000), experimentally replacing regular upfront by deferred income-contingent payments increases...
Persistent link: https://www.econbiz.de/10013191568
Failures of government policies often provoke opposite reactions from citizens; some call for a reversal of the policy while others favor its continuation in stronger form. We offer an explanation of such polarization, based on a natural bimodality of preferences in political and economic...
Persistent link: https://www.econbiz.de/10010281383