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The act of choosing can influence maximizing behaviour for at least two distinct reasons: (1) process significance and (2) decisional inescapability. These influences can require systematic departures from the regularities assumed in standard models of rational choice, but they can be fully...
Persistent link: https://www.econbiz.de/10005245665
Voting Power Indices enable the analysis of the distribution of power in a legislature or voting body which uses … weighted voting. Although the approach, based on co-operative game theory, has been known for a long time it has not been very …
Persistent link: https://www.econbiz.de/10005368783
We develop a definition of equilibrium for agenda formation in general voting settings. The definition is independent … of any protocol. We show that the set of equilibrium outcomes for any Pareto efficient voting rule is uniquely determined …. We also show that for such voting rules, if preferences are strict then the set of equilibrium outcomes coincides with …
Persistent link: https://www.econbiz.de/10005146847
interest in those parameters, voting patterns suggest significant influence of cooperative orientation, political attitudes …
Persistent link: https://www.econbiz.de/10009325734
experiment with fiveperson committees that compares three alternative voting rules: unanimity (q=5); majority (q=3); and … each district. We analyze the Markov perfect equilibrium under different voting q-rules where q is the number of yes votes …
Persistent link: https://www.econbiz.de/10009422079
members can improve the voting outcome by simplifying the strategies of unbiased members. Thus, heterogeneous committees … perform at least as well as homogeneous committees. In particular, when value-maximizers outnumber biased members by one vote …
Persistent link: https://www.econbiz.de/10009645633
committees are more likely to default than large committees. Thus, constituencies can decide about degrees of commitment by …
Persistent link: https://www.econbiz.de/10009367935
The main purpose of this paper is to estimate the probability of casting a decisive vote for a class or random electorate models encompassing the celebrated IC and IAC models. The emphasis is on the impact of correlation across votes on the order of magnitude of this event. Our proof techniques...
Persistent link: https://www.econbiz.de/10010812653
popular two social objective criteria used when evaluating voting mechanisms. For one particular probabilistic model …
Persistent link: https://www.econbiz.de/10010812654
This paper investigates the social preferences over labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of active firms evolves as a Geometric Brownian motion. A key result demonstrated is that how the economy responds to shocks, i.e....
Persistent link: https://www.econbiz.de/10010672391