Showing 1 - 10 of 1,898
Consider a voting procedure where countries, states, or districts comprising a union each elect representatives who then participate in later votes at the union level on their behalf. The countries, provinces, and states may vary in their populations and composition. If we wish to maximize the...
Persistent link: https://www.econbiz.de/10005654748
Consider a voting procedure where countries, states, or districts comprising a union each elect representatives who then participate in later votes at the union level on their behalf. The countries, provinces, and states may vary in their populations and composition. If we wish to maximize the...
Persistent link: https://www.econbiz.de/10011324952
We consider the allocation of goods in exchange economies with a finite number of agents who may have private information about their preferences. In such a setting, standard allocation rules such as Walrasian equilibria or rational expectations equilibria are not compatible with individual...
Persistent link: https://www.econbiz.de/10012235834
Persistent link: https://www.econbiz.de/10006797400
Persistent link: https://www.econbiz.de/10006798530
Persistent link: https://www.econbiz.de/10007648111
We consider the allocation of goods in exchange economies with a finite number of agents who may have private information about their preferences. In such a setting, standard allocation rules such as Walrasian equilibria or rational expectations equilibria are not compatible with individual...
Persistent link: https://www.econbiz.de/10005824625
We consider the endogenous choice of a voting rule, characterized by the majority size needed to elect change over the status quo, by a society who will use the rule to make future decisions. Under simple assumptions on the uncertainty concerning the future alternatives that will be voted upon,...
Persistent link: https://www.econbiz.de/10005134974
Persistent link: https://www.econbiz.de/10005408954
We study indirect democracy in which countries, states, or districts each elect a representative who later votes at a union level on their behalf. We show that the voting rule that maximizes the total expected utility of all agents in the union involves assigning a weight to each district's vote...
Persistent link: https://www.econbiz.de/10005733734