Prior research on "strategic voting" has reached the conclusion that unanimity rule is uniquely bad: it results in destruction of information, and hence makes voters worse off. We show that this conclusion depends critically on the assumption that the issue being voted on is exogenous, i.e.,...

The Anglo-American double-member districts employing plurality-at-large are frequently criticized for giving a large majority premium to a winning party, since the large premium may decrease proportionality of the elected assembly relative to single-member districts. We demonstrate that the...

We estimate a model of strategic voting and quantify the impact it has on election outcomes. Because the model exhibits multiplicity of outcomes, we adopt a set estimator. Using Japanese general-election data, we find a large fraction [63.4%, 84.9%] of strategic voters, only a small fraction...

Despite the centrality of voting costs to the paradox of voting, little effort has been made to accurately measure these costs outside of a few spatially limited case studies. In this paper, we apply Geographic Information Systems (GIS) tools to validated national election survey data from New...

Strong assumptions are usually needed to guarantee the existence of a Condorcet winner in majority voting games. The theoretical literature has developed various solution concepts to accommodate the general absence of Condorcet winner, but very little is known on their economic implications. In...

This article examines the nature of disclosure standards, under the assumption that (i) standards preferred by more firms are collectively chosen and (ii) privately informed firms prefer standards that increase market perceptions about the value of their assets. A standard is stable if it is...

Democratic direct voting on issues (in the form of referenda) suffers from the tyranny of the majority as well as potentially supporting extremist and populist positions. We state 4 fair voting principles for issue based voting, and show that current direct voting systems are not consistent with...

Voting procedures focus on the aggregation of individuals' preferences to produce collective decisions. In practice, a voting procedure is characterized by ballot responses and the way ballots are tallied to determine winners. Voters are assumed to have clear preferences over candidates and...