Casella, Alessandra; Llorente-Saguer, Aniol; Palfrey, … - 2012
We develop a competitive equilibrium theory of a market for votes. Before voting on a binary issue, individuals may buy … market for votes generates welfare losses, relative to simple majority voting, if the committee is large enough or the … laboratory using a continuous open-book multi-unit double auction. -- Experiments ; voting ; Markets ; Vote Trading ; Competitive …