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majorities can extract resources from minorities, stability requires a supermajority rule, whose threshold is increasing in the …
Persistent link: https://www.econbiz.de/10010595363
This paper provides a new explanation why several US states have implemented supermajority requirements for tax … systematic way. In this setting, we show that the first population of voters will choose a supermajority rule in order to …
Persistent link: https://www.econbiz.de/10010292004
A conclave is a voting mechanism in which a committee selects an alternative by voting until a sufficient supermajority …
Persistent link: https://www.econbiz.de/10011345391
Models of political competition portray political candidates as seeking the support of the median voter to win elections by majority voting. In practice, political candidates seek supermajorities rather than majorities based on support of the median voter. We study the political benefits from...
Persistent link: https://www.econbiz.de/10011388195
We study communication in committees selecting one of two alternatives when consensus is required and agents have private information about their preferences. Delaying the decision is costly, so a form of multiplayer war of attrition emerges. Waiting allows voters to express the intensity of...
Persistent link: https://www.econbiz.de/10011873599
A committee is choosing between two alternatives. If the required supermajority is not reached, voting is repeated …. If a supermajority is required instead, the power to select the outcome moves from the median voter to the more extreme … have very many almost indifferent voters and some very opinionated ones, the more stringent a supermajority is required for …
Persistent link: https://www.econbiz.de/10010931006
a simple institutional interpretation as a supermajority rule, requiring that incumbents exceed some fraction of votes …
Persistent link: https://www.econbiz.de/10009649753
quo can also be mitigated by concentrating decision rights, for instance, by lowering the supermajority requirement. …
Persistent link: https://www.econbiz.de/10008804604
We conduct experiments to investigate the effects of different majority requirements on bargaining outcomes in small and large groups. In particular, we use a Baron-Ferejohn protocol and investigate the effects of decision rules on delay (number of bargaining rounds needed to reach agreement)...
Persistent link: https://www.econbiz.de/10010362194
Experiments evaluate the fit of human behaviour to the Shapley-Shubik power index (SSPI), a formula of voter power. Groups of six subjects with differing votes divide a fixed purse by majority rule in online chat rooms. Earnings proxy for measured power. Chat rooms and processes for selecting...
Persistent link: https://www.econbiz.de/10009789971