Showing 1 - 5 of 5
By way of conclusion we shall discuss the significance of our results for understanding legislative voting strategy. First, Theorem 1 establishes the minimal conditions for a set of sophisticated strategies to be vulnerable to a set of voters. It was argued that due to the form of this...
Persistent link: https://www.econbiz.de/10010863665
What do the preceding results tell us for democratic theory? First, that a majority can always defend itself against 2-issue special interest vote trades with a coalition no larger than that used by the minority. In terms of numbers counter-trades are no harder to organize than 2-issue special...
Persistent link: https://www.econbiz.de/10010864346
In this paper, we construct a general probabilistic spatial theory of elections and examine sufficient conditions for equilibrium in two-candidate contests with expected vote-maximizing candidates. Given strict concavity of the candidate objective function, a unique equilibrium exists and the...
Persistent link: https://www.econbiz.de/10010864421
This essay provides an explanation for the existence of stable logrolling arrangements. The model presented assumes that issues are voted on one at a time, that people are risk averse, and that each person forecasts future issue decisions with a random variable whose mean is linear in the...
Persistent link: https://www.econbiz.de/10010864517
Persistent link: https://www.econbiz.de/10009396093