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We analyze costly information acquisition and information revelation in groups in a dynamic setting. Even when group members have perfectly aligned interests the group may inefficiently delay decisions. When deadlines are far away, uninformed group members freeride on each others' efforts to...
Persistent link: https://www.econbiz.de/10009246605
In this note, we use the technique of option sets to sort out the implications of coalitional strategyproofness in the spatial setting. We also discuss related issues and open problems.
Persistent link: https://www.econbiz.de/10010317113
voting outcome in period t becomes the status quo in period t+1. We study symmetric Markov equilibria of the resulting game … alternative, and the discount factor (committee impatience). We report several new findings. Voting behavior is selfish and myopic …
Persistent link: https://www.econbiz.de/10010266322
Consider a committee that in the past has made a promise not to confiscate the profits from a foreign investor. After the investment has taken place, there is a material benefit if the committee decides to default on the earlier promise. But there are also some small moral costs for those who...
Persistent link: https://www.econbiz.de/10010306978
each district. We analyze the Markov perfect equilibrium under different voting q-rules where q is the number of yes votes … experiment with fiveperson committees that compares three alternative voting rules: unanimity (q=5); majority (q=3); and …
Persistent link: https://www.econbiz.de/10010307744
ask if decision makers are blamed for being pivotal if they implement an unpopular outcome in a sequential voting process …. We conduct an experimental voting game in which decision makers vote about the allocation of money between themselves and … recipients without voting rights. We measure responsibility attributions for voting decisions by eliciting the monetary …
Persistent link: https://www.econbiz.de/10011282471
interest in those parameters, voting patterns suggest significant influence of cooperative orientation, political attitudes …
Persistent link: https://www.econbiz.de/10011310728
Consider a voting procedure where countries, states, or districts comprising a union each elect representatives who … characterization of the efficient voting rule in terms of the weights assigned to different districts and the voting threshold (how … correlation structure of agents preferences, we analyze how voting weights relate to the population size of a country. We then …
Persistent link: https://www.econbiz.de/10011324952
impact of the voting procedure, no information about the cooperation history is provided. In line with existing empirical …
Persistent link: https://www.econbiz.de/10011662174
committees benefits from voting insincerely accrue not only when a decision maker's vote is pivotal. As the number of voters … increases, the cost of voting insincerely declines in an open committee because the probability of being pivotal declines. This … is not the case in a closed committee where costs and benefits of insincere voting only arise when a voter is pivotal. …
Persistent link: https://www.econbiz.de/10011604339