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Majority voting is considered an efficient information aggregation mechanism in committee decision-making. We examine if this holds in environments where voters first need to acquire information from sources of varied quality and cost. In such environments, efficiency may depend on free-riding...
Persistent link: https://www.econbiz.de/10014517461
This paper has two sources: One is my own research in three broad areas: business cycles, economic measurement and social choice. In all of these fields I attempted to apply the basic precepts of the scientific method as it is understood in the natural sciences. I found that my effort at using...
Persistent link: https://www.econbiz.de/10010295251
This paper has two sources: One is my own research in three broad areas: business cycles, economic measurement and social choice. In all of these fields I attempted to apply the basic precepts of the scientific method as it is understood in the natural sciences. I found that my effort at using...
Persistent link: https://www.econbiz.de/10010427475
Consider a voting procedure where countries, states, or districts comprising a union each elect representatives who then participate in later votes at the union level on their behalf. The countries, provinces, and states may vary in their populations and composition. If we wish to maximize the...
Persistent link: https://www.econbiz.de/10011324952
We experimentally investigate whether the procedural history of a sanctioning institution affects cooperation in a social dilemma. Subjects inherit the institutional setting from a previous generation of subjects who either decided on the implementation of the institution democratically by...
Persistent link: https://www.econbiz.de/10011662174
Electoral legislation varies across countries and within countries over time, and across different types of elections in terms of how it allows publication of intermediate election results including turnout and candidates' vote shares during an election day. Using a pivotal costly voting model...
Persistent link: https://www.econbiz.de/10012227616
Some committees convene behind closed doors while others publicly discuss issues and make their decisions. This paper studies the role of open and closed committee decision making in presence of external influence. We show that restricting the information of interest groups may reduce the bias...
Persistent link: https://www.econbiz.de/10009635893
This paper examines, both theoretically and empirically, the effect of social networks and belonging to minority groups (or race) on the probability of winning in reality television shows. We develop a theoretical model that studies viewer behavior by presenting a framework of competition...
Persistent link: https://www.econbiz.de/10011120404
A group of agents has to decide whether to accept or reject a proposal. Agents vote in favor or against the proposal and, if the number of agents in favor is greater to certain quota, the proposal is accepted. The \textit{socially optimal decision} is the one adopted when all agents vote...
Persistent link: https://www.econbiz.de/10011204533
We distinguish between (i) voting systems in which voters can rank candidates and (ii) those in which they can grade candidates, such as approval voting, in which voters can give two grades—approve (1) or not approve (0)—to candidates. While two grades rule out a discrepancy between the...
Persistent link: https://www.econbiz.de/10011212580