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The constitutions of the Bretton Woods Institutions require decisions to be taken by weighted voting: each member country possesses a number of votes, depending on its quota allocation, all of which must always be cast as a bloc. This leads to a problem of democratic legitimacy since a member's...
Persistent link: https://www.econbiz.de/10014069914
The paper elaborates the idea that voting is an instance of the aggregation of judgments, this being a more general concept than the aggregation of preferences. To aggregate judgments one must first measure them. I show that such aggregation has been unproblematic whenever it has been based on...
Persistent link: https://www.econbiz.de/10014071630
We compare Ranked-Choice Voting (RCV) and Plurality Voting (PV) in elections with 3 candidates. Voters receive consequential benefits from the election of a candidate close to their preferred policy position and also benefit from expressing their preferences sincerely. We provide conditions...
Persistent link: https://www.econbiz.de/10014077064
There are many situations in which different groups make collective decisions by committee voting, with each group represented by a single person. This paper is about two closely related problems. The first is that of how to measure the inequality of a voting system in such a setting. The second...
Persistent link: https://www.econbiz.de/10014037623
This paper develops the symmetric power order, a measure of voting power for multicandidate elections. The measure generalizes standard pivotality-based voting power measures for binary elections, such as Banzhaf power. At the same time, the measure is not based on pivotality, but rather on a...
Persistent link: https://www.econbiz.de/10014112437
Commitment voting is a mechanism for signalling intensity of preferences and long-term commitment to governance decisions in proof of stake blockchains. In commitment voting, the voting weight of a vote in any given election is determined by 1) the amount of tokens under a voters control and 2)...
Persistent link: https://www.econbiz.de/10014090367
We investigate the method of power indices to study voting power of members of a legislature that has voting blocs. Our analysis is theoretical, intended to contribute to a theory of positive political science in which social actors are motivated by the pursuit of power as measured by objective...
Persistent link: https://www.econbiz.de/10014067067
In the United States, electoral districts must be equipopulous. This requirement is known as the one man one vote doctrine. We propose welfare-based justifications for this requirement under the economic view, according to which voters care about the policy, and under the political view,...
Persistent link: https://www.econbiz.de/10014262986
A small committee has to approve/reject a project with uncertain return. Members have different preferences: some are value-maximizers, others are biased towards approval. We focus on the efficient use of scarce information when communication is not guaranteed, and we provide insights on the...
Persistent link: https://www.econbiz.de/10013110436
Past analyses of the U.S. Constitutional Convention have relied strictly on votes recorded for the states or a relatively small number of roll calls. We construct a new dataset covering delegate votes on over 600 roll calls. We utilize the data in several ways. First, we use the votes to...
Persistent link: https://www.econbiz.de/10014176010