Let Me Vote! An experimental study of vote rotation in committees
We conduct an experiment to investigate (i) whether rotation in voting increases a committeeâ??s efficiency, and (ii) the extent to which rotation is likely to critically influence collective and individual welfare. The experiment is based on the idea that voters have to trade-off individual versus common interests. Our findings indicate that the choice of a rotation scheme has important consequences: it â??paysâ?? to be allowed to vote, as voting committee members earn significantly more than non-voting members. Hence, rotation is not neutral. We also find that smaller committees decide faster and block fewer decisions. This reduces frustration among committee members.
D70 - Analysis of Collective Decision-Making. General ; D78 - Positive Analysis of Policy-Making and Implementation ; E58 - Central Banks and Their Policies