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The storable votes mechanism is a method of voting for committees that meet periodically to consider a series of binary decisions. Each member is allocated a fixed budget of votes to be cast as desired over the multiple decisions. Voters are induced to spend more votes on those decisions that...
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This paper introduces a model where elections are games where voters have preferences over a public good (policy platforms) and a private good (transfers). The model produces the standard social choice results such as core convergence and policy separation. Furthermore, by introducing transfers,...
Persistent link: https://www.econbiz.de/10005654564
This paper proposes a framework for studying policy making in a federal system in the presence of spillover externalities. Local jurisdictions choose local policies by majority rule subject to standards that are set by majority rule at the federal level. We characterize the induced preferences...
Persistent link: https://www.econbiz.de/10005654764