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A set of voters consults experts before voting over two alternatives. Experts observe private signals about the values … of the alternatives and can reveal their information or conceal it, but cannot lie. We examine how disclosure and voting … vary with preference biases, signal precision, and the voting rule. Unanimity rule can lead to greater information …
Persistent link: https://www.econbiz.de/10010616897
We analyse committees of voters who take a decision between two options as a two- stage process. In a discussion stage …, voters share non-verifiable information about a private signal concerning what is the best option. In a voting stage, votes …
Persistent link: https://www.econbiz.de/10010734313
We analyse committees of voters who take a decision between two options as a two- stage process. In a discussion stage …, voters share non-verifiable information about a private signal concerning what is the best option. In a voting stage, votes …
Persistent link: https://www.econbiz.de/10010862559
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
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 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
. In this paper policies are negotiated in a committee by playing a dynamic voting game. The implications of this change …
Persistent link: https://www.econbiz.de/10005069520
I develop a model of group decision-making, in which a committee generates proposals and holds open discussions, but the ultimate decision is either taken by a leader (decision by authority) or by majority vote. Optimal communication processes are studied that combine both cheap talk statements...
Persistent link: https://www.econbiz.de/10005792030