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Alesina, Alberto F. - 2015

We study loss aversion in majority voting. First, we show a status quo bias. Second, loss aversion implies a moderating …; however, in the presence of a projection bias, majorities are partially unable to understand how fast they will adapt. Fourth … status quo. The application of these results to a model of redistribution leads to empirically plausible implications …

Persistent link: https://www.econbiz.de/10013024497

Loss Aversion in Politics

Alesina, Alberto - 2015

Persistent link: https://www.econbiz.de/10012457589

Distributional consequences of political representation : conference paper

Maaser, Nicola; Stratmann, Thomas - 2014

We investigate the geographical concentration of representatives and the distribution of fiscal transfers both theoretically and empirically. We develop a model which predicts that funds to an area are positively correlated with the number of representatives residing in that area. Our empirical...

Persistent link: https://www.econbiz.de/10010489270

Minority voting and long-term decisions

Fahrenberger, Theresa; Gersbach, Hans - 2007 - This version: July 5, 2007

In this paper we propose minority voting as a scheme that can partially protect individuals from the risk of repeated exploitation. We consider a committee that meets twice to decide about projects where the first-period project may have a long-lasting impact. In the first period a simple open...

Persistent link: https://www.econbiz.de/10003761367

The dark side of the vote : biased voters, social information, and information aggregation through majority voting

Morton, Rebecca B.; Piovesan, Marco; Tyran, Jean-Robert - 2013

a minority of voters are biased, but harmful when a majority is biased. In theory, information on the success of policy … on success is ineffective and does not de-bias voters. …

Persistent link: https://www.econbiz.de/10010195409