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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/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 paper presents a new model of interest groups and policy formation in the legislature. In our setting, the already given party ideological predispositions and power distribution determine the expected policy outcome. Our analysis applies to the case of un-enforced or enforced party...
Persistent link: https://www.econbiz.de/10013096476
Majority rule is known to be at odds with utilitarianism --- majority rule follows the preferences of the median voter whereas a utilitarian planner would follow the preferences of the mean voter. In this paper, we show that when voting is costly and voluntary, turnout endogenously adjusts so...
Persistent link: https://www.econbiz.de/10013105232
Increasing concern over corporate governance has led to calls for more shareholder in uence over corporate decisions, but allowing shareholders to vote on more issues, such as executive compensation, may not affect the quality of governance. We should expect instead that, under current rules,...
Persistent link: https://www.econbiz.de/10013091344
We present a model of two-stage elections in which candidates can choose different platforms in primaries and general elections. Voters do not directly observe the chosen platforms, but rather infer the candidates' ideologies from signals made during the campaign (debates, speeches), where a...
Persistent link: https://www.econbiz.de/10013066319
A fat and a healthy good provide immediate gratification, and cause health costs or benefits in the long run, which are misperceived. Additionally, the fat good (healthy good) increases (decreases) health care costs by increasing (decreasing) the probability of suffering from a chronic disease...
Persistent link: https://www.econbiz.de/10013015020
Democratic elections increasingly involve political intermediaries (e.g. grassroots organizations or political brokers). We develop a model of electoral competition in which candidates must decide between brokers (patronage) and grassroots organizations. Our model shows that patronage is more...
Persistent link: https://www.econbiz.de/10012832938
We introduce a framework to examine, both theoretically and empirically, electoral maldistricting. Maldistricting is defined as districting in pursuit of a policy at the expense of social welfare. Analysis is performed on the set of implementable (via some district map) legislatures, which are...
Persistent link: https://www.econbiz.de/10012836595
Ideally, a representative democracy awards a genuine vote to each adult. We study whether this applies in competitive democracies with an election model combining district appor- tionment and proportional representation (PR). Four classic seat allocation rules, including d'Hondt (1882), are...
Persistent link: https://www.econbiz.de/10012838852