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committees benefits from voting insincerely accrue not only when a decision maker's vote is pivotal. As the number of voters …Some committees convene behind closed doors while others publicly discuss issues and make their decisions. This paper … increases, the cost of voting insincerely declines in an open committee because the probability of being pivotal declines. This …
Persistent link: https://www.econbiz.de/10011604339
voting outcome in period t becomes the status quo in period t+1. We study symmetric Markov equilibria of the resulting game … alternative, and the discount factor (committee impatience). We report several new findings. Voting behavior is selfish and myopic …
Persistent link: https://www.econbiz.de/10010266322
voting. Under influence, these decisions can become inefficient. Therefore, the market for policies may be more likely to …, and payoff and information structures. We discuss implications for the efficiency of democracy, voting, lobbying …
Persistent link: https://www.econbiz.de/10010604871
voting outcome in period t becomes the status quo in period t+1. We study symmetric Markov equilibria of the resulting game … alternative, and the discount factor (committee "impatience"). We report several new findings. Voting behavior is selfish and …
Persistent link: https://www.econbiz.de/10005766851
can mitigate time inconsistency by introducing a status quo bias. When voting institutions (ie. the committee`s … committee to make decisions through voting is that a commitment device can be created out of it, without totally renouncing … flexibility to respond to unexpected contingenices. Appropriate voting procedures and a well chosen supermajority rule can make a …
Persistent link: https://www.econbiz.de/10005051097
We study experimentally the effectiveness of communication in common value committees exhibiting publicly known …
Persistent link: https://www.econbiz.de/10011522110
We study experimentally the effectiveness of communication in common value committees exhibiting publicly known …
Persistent link: https://www.econbiz.de/10011444227
search duration rises with committee size on patient committees but falls with committee size on impatient committees …
Persistent link: https://www.econbiz.de/10005233765
monetary policy committees (MPCs). In addition, the committee-based ECB replaced 12 central banks, most of which had previously …
Persistent link: https://www.econbiz.de/10005106645
This paper reports results from a laboratory experiment studying the role of asymmetries, both in payoffs and recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the equilibrium predictions. The main deviations from...
Persistent link: https://www.econbiz.de/10010532580