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The conflict between pro-self and pro-social behaviour is at the core of many key problems of our time, as, for example, the reduction of air pollution and the redistribution of scarce resources. For the well-being of our societies, it is thus crucial to find mechanisms to promote pro-social...
Persistent link: https://www.econbiz.de/10012900728
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information aggregation. Despite this, unanimity is frequently used in committees making decisions on behalf of society. This …
Persistent link: https://www.econbiz.de/10011696383
This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule …. Surprisingly, even with the symmetric assumptions in the spirit of Condorcet, a symmetric composition of committees is not always … committees. However, in the special case of only two skill levels, it is optimal to compose the committees evenly. …
Persistent link: https://www.econbiz.de/10010277358
This article analyses how the presence of a dominant group of voters within the electorate affects voter turnout. Theoretically, we argue that both the absolute size and the relative power of a dominant group influence voters' decision-making process. The former effect derives from increased...
Persistent link: https://www.econbiz.de/10011286404
This essay explores the legacy of James Buchanan and Gordon Tullock as it pertains to the establishment of public choice as a field of scholarly inquiry. The Calculus of Consent is surely the Ur-text for capturing that legacy, yet that legacy can be discerned in two distinct directions. One...
Persistent link: https://www.econbiz.de/10013106609
The paper investigates the conditions under which consumer ownership should be preferred to investor ownership in economies with externalities. On making their choices investor-owners take into account producer surplus only, while consumer-owners take into account both producer and consumer...
Persistent link: https://www.econbiz.de/10012859472
WHAT IS the most immediate tool of empowerment you can provide a person? Ask an economist. Or ask a laborer who has been moved to the outskirts of the city as a part of the quot;big-progressive resettlement schemequot;. Or ask a student. The most likely answer you will get is:...
Persistent link: https://www.econbiz.de/10012718470
We propose a simple mechanism providing incentives to reduce harmful emissions to their efficient level without infracting upon productive efficiency. The mechanism employs a contest creating incentives among participating nations to simultaneously exert efficient productive and efficient...
Persistent link: https://www.econbiz.de/10013315733
The Journal of Public Finance and Public Choice began publication in 1983 under the title Economia delle scelte pubbliche, changing to its present title in 1998. Under either name, the Journal reflected the founding editor's (Domenico da Empoli) desire to amplify and extend the Italian...
Persistent link: https://www.econbiz.de/10012948300