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private information about their preferences. Delaying the decision is costly, so a form of multiplayer war of attrition …
Persistent link: https://www.econbiz.de/10011872697
A conclave is a voting mechanism in which a committee selects an alternative by voting until a sufficient supermajority … over two outcomes and waiting costs. The resulting game is a form of multiplayer war of attrition. Our key finding is that … conclave leads to efficiency gains relative to simple majority voting. We also compare welfare properties of a static versus a …
Persistent link: https://www.econbiz.de/10011336977
The common use of majority rule in group decision making is puzzling. In theory, it inequitably favors the proposer, and paradoxically, it disadvantages voters further if they are inequity averse. In practice, however, outcomes are equitable. The present paper analyzes data from a novel...
Persistent link: https://www.econbiz.de/10011762571
interest in those parameters, voting patterns suggest significant influence of cooperative orientation, political attitudes …
Persistent link: https://www.econbiz.de/10011344858
Using data from an experiment by Forsythe, Myerson, Rietz, and Weber (1993), designed for a different purpose, we test the "standard theory" that players have preferences only over their own mentary payoffs and that play will be in (evolutionary stable) equilibrium. In the experiment each...
Persistent link: https://www.econbiz.de/10011284229
qualityhas been acquired or not, we compare the performance of a delegation structure with that oftwo voting procedures …. Delegation makes one's acceptance decision pivotal by definition.The decisiveness of one's vote in a voting procedure depends on …
Persistent link: https://www.econbiz.de/10011325973
We develop a tractable theory to study the impact of biased media on election outcomes, voter turnout and welfare. News released by media allows voters to infer the relative appeal of the two candidates, and the closeness of elections. In large elections, the former determines the election...
Persistent link: https://www.econbiz.de/10012030647
political phenomena that ensued is presented. In the case of sophisticated voting over certain kinds of binary agendas, such as … sometimes yield “sophisticated sincerity”, where equilibrium voting behavior is indistinguishable from sincere voting. Under … behave leads to probabilistic voting models that typically yield utilitarian outcomes. Uncertainty among the voters over …
Persistent link: https://www.econbiz.de/10014024486
We model a society that values the coherence between past policy platforms and current implemented policy, and where policy platforms partially commit candidates to their future actions. If an incumbent politician seeks to be reelected, she has to use her platforms to commit to moderate policies...
Persistent link: https://www.econbiz.de/10011703349
We study voting over higher education finance in an economy with two regions and two separated labor markets …
Persistent link: https://www.econbiz.de/10010344642