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We design an experiment to test how voters vote in a small committee election with three alternatives. Voters have common preferences that depend on an unknown state of nature. Each voter receives an imprecise private signal prior to the election and then casts a vote. The alternative with the...
Persistent link: https://www.econbiz.de/10012227765
This note provides simple derivations of the equilibrium conditions for different voting games with incomplete information. In the standard voting game à la Austen-Smith and Banks (1996), voters update their beliefs, and, conditional on their being pivotal, cast their votes. However, in voting...
Persistent link: https://www.econbiz.de/10012227769
We study a model in which agents endowed with power compete for a divisible resource by forming coalitions with other agents. The coalition with the greatest power wins the resource and divides it among its members via proportional sharing. We conduct an economic experiment using this model to...
Persistent link: https://www.econbiz.de/10012227776
Herein, we prove a Condorcet jury theorem (CJT) for large elections with multiple alternatives. Voters have common interests that depend on an unknown state of nature. Each voter receives an imprecise private signal about the state of nature and then submits one vote (simple plurality rule). We...
Persistent link: https://www.econbiz.de/10012227796
The central idea of this paper is to explore link between socio-economic positions of women working in unorganized sector with special reference to beedi rolling. In India Beedi making is an age old industry and one of the largest job providers for women in the unorganized sector. Women are...
Persistent link: https://www.econbiz.de/10011533015
For division problems with single-peaked preferences, we show that all sequential allotment rules, a large subfamily of strategy-proof and efficient rules, are also obviously strategy-proof. Although obvious strategy-proofness is in general more restrictive than strategy-proofness, this is not...
Persistent link: https://www.econbiz.de/10014536890
We study ex post implementation in collective decision problems where monetary transfers cannot be used. We find that deterministic ex post implementation is impossible if the underlying environment is neither almost an environment with private values nor almost one with common values. Thus,...
Persistent link: https://www.econbiz.de/10014536905
A mechanism guarantees a certain welfare level to its agents, if each of them can secure that level against unanimously adversarial others. How high can such a guarantee be, and what type of mechanism achieves it? In the n-person probabilistic voting/bargaining model with p deterministic...
Persistent link: https://www.econbiz.de/10014536908
Theorem 1 in Bhargava, Mohit et al. (2015) provides a necessary condition for a social choice function to be LOBIC with respect to a belief system satisfying top-set (TS) correlation. In this paper, we provide a counter example to that theorem and consequently provide a new necessary condition...
Persistent link: https://www.econbiz.de/10014536916
In this paper, we study intertemporal social welfare evaluations when agents have heterogeneous time preferences that are interpersonally noncomparable. We first show that, even if all agents share the same time preferences, there is a conflict between the axioms of Pareto principle, time...
Persistent link: https://www.econbiz.de/10014536920