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The author proposes a two-round process called minority voting to allocate public projects in a polity. In the first round, a society decides by a simple majority decision whether to provide the public project. If the proposal in the first round is rejected, the process ends. Otherwise the...
Persistent link: https://www.econbiz.de/10003881290
The author proposes a two-round process called minority voting to allocate public projects in a polity. In the first round, a society decides by a simple majority decision whether to provide the public project. If the proposal in the first round is rejected, the process ends. Otherwise the...
Persistent link: https://www.econbiz.de/10013132098
We propose a two-stage process called minority voting to allocate public projects in a polity. In the first period, a society decides by a simple majority decision whether to provide the public project. If the proposal in the first period is rejected, the process ends. Otherwise the process...
Persistent link: https://www.econbiz.de/10013132433
This study investigates how supermajority rules in a legislature affect electoral competition. To this end, we … construct a probabilistic voting model and show that supermajority rules magnify the divergence of policy platforms generated by … aggregate uncertainty about the electoral outcome. Thus, supermajority rules involve an important trade-off: they induce the …
Persistent link: https://www.econbiz.de/10012852682
When making collektive desicions, principals (voters or districts) typically benefit by strategically delegating their bargaining and voting power to representatives different from themselves. There are conflicting views in the literature, however, of whether such a delegate should be...
Persistent link: https://www.econbiz.de/10003781457
Despite evidence that modern democracies systematically shortchange public investment goods, relatively little theoretical work exists to explain this phenomenon. We build on Baron and Ferejohn's (American Political Science Review, 83(4) (1989) 1181--1206) bargaining model to describe public...
Persistent link: https://www.econbiz.de/10014140583
This paper surveys the literature that uses endogenous candidacy models of electoral competition to explain the number of candidates and the extent of their polarization in elections held under the plurality rule. The plurality rule is the voting rule under which each voter votes for one...
Persistent link: https://www.econbiz.de/10014130959
flexibility to respond to unexpected contingencies. Appropriate voting procedures and a well chosen supermajority rule can make a … monetary policy but these insights are more general (extending to capital taxation and patent protection). Supermajority rules …'s constitution) are endogenously chosen by simple majority voting, the emerging majority rule is the supermajority yielding the mix …
Persistent link: https://www.econbiz.de/10014103729
The paper quantifies the amount of information aggregated by large elections under qualified majority rules. It shows show that, even when the Condorcet Jury Theorem does not hold, there still can be meaningful information aggregation. In particular, we study the case of information aggregation...
Persistent link: https://www.econbiz.de/10014150234
We survey the literature that compares the theoretical properties of different voting procedures using models of electoral competition with endogenous candidacy. In particular, we focus on the predictions made by these models regarding the number of candidates running for election and their...
Persistent link: https://www.econbiz.de/10014129794