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Which decision rule should we use to make a binary collective choice? While voting procedures are applied ubiquitously … qualified majority voting. Our result shows that using a VCG mechanism is not superior to voting in general and justifies the … use of voting mechanisms. It thereby could explain why many decision rules employed in practice do not rely on monetary …
Persistent link: https://www.econbiz.de/10010342115
This paper 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. This article has been prepared for the Handbook of Social Choice and Welfare,...
Persistent link: https://www.econbiz.de/10010773120
This paper 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. This article has been prepared for the Handbook of Social Choice and Welfare,...
Persistent link: https://www.econbiz.de/10008584608
productivity. Nevertheless, only a minority of sessions converge to this system, indicating a tendency for the voting process to …
Persistent link: https://www.econbiz.de/10011092305
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
We study communication in committees selecting one of two alternatives when consensus is required and agents have private information about their preferences. Delaying the decision is costly, so a form of multiplayer war of attrition emerges. Waiting allows voters to express the intensity of...
Persistent link: https://www.econbiz.de/10011872697
Persistent link: https://www.econbiz.de/10014558366
Intergenerational conflicts may arise when interests of different age groups do not align. We examine cross-country data to find evidence for this conflict in OECD countries. We derive our results from a FGLS estimation model, which is complemented by a System-GMM estimation. Data covers a panel...
Persistent link: https://www.econbiz.de/10010902043
risk-pooling income-contingent loan is preferred. The paper then discusses the implications on participation and voting …
Persistent link: https://www.econbiz.de/10010752419
The primary objective of this paper is to highlight the distinct roles of altruism and of self-interest in the political determination of a public education policy. I assess the relative importance of three factors in the determination of the equilibrium level of this policy: altruism, the...
Persistent link: https://www.econbiz.de/10005487490