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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
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
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
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
Numerous theoretical studies have shown that information aggregation through voting is fragile. We consider a model of … information aggregation with vote-contingent payoffs and generically characterize voting behavior in large committees. We use this …
Persistent link: https://www.econbiz.de/10012052819
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
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/10009635893
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