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We study communication in committees selecting one of two alternatives when consensus is required and agents have private information about their preferences. Delaying the decision is costly, so a form of multiplayer war of attrition emerges. Waiting allows voters to express the intensity of...
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 … 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
values. The SSPI can serve as a control for power imbedded in voting blocs, permitting fuller analysis of other factors that …
Persistent link: https://www.econbiz.de/10009789971
The role of electoral incentives vs. selection is ideally analyzed in a setting where the same legislators are selected to decide on policies under different electoral rules and where voter preferences on policies can be precisely measured. This is the first paper to look at such a situation....
Persistent link: https://www.econbiz.de/10012286323
Majority voting is considered an efficient information aggregation mechanism in committee decision-making. We examine … acquisition, voting, and overall efficiency. …
Persistent link: https://www.econbiz.de/10014501231
We consider a model of common-value sequential voting in which voters are differentiated in their information. We ask … whether the intuition as in the simultaneous-voting case---voters with no information would vote so as not to influence the … outcome---would be valid to imply long voting in our sequential setting. We find that any voting outcome, including short …
Persistent link: https://www.econbiz.de/10014239132
benefit a lot from having a ticket, suggesting instrumental voting. In each referendum, a majority votes in line with self …-interest, providing strong evidence for pocketbook voting. However, social preferences like altruism, public good considerations and …
Persistent link: https://www.econbiz.de/10010496966
Despite the wide variety of agendas used in legislative settings, the literature on sophisticated voting has focused on … characterize the social choice rules implemented by sophisticated voting on agendas with these two features. I also characterize … related to the prevailing rules for order-of-voting used by legislatures. These results establish a clear connection between …
Persistent link: https://www.econbiz.de/10012415641
conflicting interests. We show that the set of preferences that allow for the existence of an informative voting equilibrium can … voting threshold value. What's worse, the presence of the public information introduces an inefficient equilibrium which … robustly exists across different voting rules. To mitigate the harmful effect of the public information, we propose to use a …
Persistent link: https://www.econbiz.de/10010512059