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Minorities and Storable Votes
Casella, Alessandra; Palfrey, Thomas R; Riezman, Raymond - C.E.P.R. Discussion Papers - 2005
The paper studies a simple voting system that has the potential to increase the power of minorities without sacrificing … majority, and the aggregate payoffs all match the theory. …
Persistent link: https://www.econbiz.de/10005656276
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Protecting Minorities in Binary Elections. A Test of Storable Votes Using Field Data
Casella, Alessandra; Ehrenberg, Shuky; Gelman, Andrew; … - C.E.P.R. Discussion Papers - 2008
Democratic systems are built, with good reason, on majoritarian principles, but their legitimacy requires the protection of strongly held minority preferences. The challenge is to do so while treating every voter equally and preserving aggregate welfare. One possible solution is storable votes:...
Persistent link: https://www.econbiz.de/10005662342
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Storable Votes and Agenda Order Control. Theory and Experiments
Casella, Alessandra - C.E.P.R. Discussion Papers - 2008
The paper studies a voting scheme where members of a committee voting sequentially on a known series of binary … simple majority voting. But if one of the voters controls the order of the agenda, does the scheme become less efficient? The …
Persistent link: https://www.econbiz.de/10005123593
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Continued Existence of Cows Disproves Central Tenets of Capitalism?
Anagol, Santosh; Etang, Alvin; Karlan, Dean S. - C.E.P.R. Discussion Papers - 2013
We examine the returns from owning cows and buffaloes in rural India. We estimate that when valuing labor at market wages, households earn large, negative average returns from holding cows and buffaloes, at negative 64% and negative 39% respectively. This puzzle is mostly explained if we value...
Persistent link: https://www.econbiz.de/10011083843
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Endogenous Information Flows and the Clustering of Announcements
Acharya, Viral V; DeMarzo, Peter; Kremer, Ilan - C.E.P.R. Discussion Papers - 2008
We consider the release of information by a firm when the manager has discretion regarding the timing of its release. While it is well known that firms appear to delay the release of bad news, we examine how external information about the state of the economy (or the industry) affects this...
Persistent link: https://www.econbiz.de/10005788970
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Five Open Questions About Prediction Markets
Wolfers, Justin; Zitzewitz, Eric - C.E.P.R. Discussion Papers - 2006
Interest in prediction markets has increased in the last decade, driven in part by the hope that these markets will prove to be valuable tools in forecasting, decision-making and risk management - in both the public and private sectors. This paper outlines five open questions in the literature,...
Persistent link: https://www.econbiz.de/10005504341
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Intergovernmental Grants as Signals and the Alignment Effect: Theory and Evidence
Bracco, Emanuele; Lockwood, Ben; Porcelli, Francesco; … - C.E.P.R. Discussion Papers - 2015
This paper provides a simple political agency model to explain the effect of political alignment between different tiers of government on intergovernmental grants and election outcomes. Key features of the model are: (i) rational voters interpret public good provision as a signal of incumbent...
Persistent link: https://www.econbiz.de/10011165654
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Radio and the Rise of the Nazis in Prewar Germany
Adena, Maja; Enikolopov, Ruben; Petrova, Maria; … - C.E.P.R. Discussion Papers - 2013
How far can the media undermine democratic institutions, and how persuasive can media be in ensuring public support for a dictator’s policies? We study this question in the context of Germany between 1929 and 1939. Using quasi-random geographical variation in radio availability, we show that...
Persistent link: https://www.econbiz.de/10011083247
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Higher Bars for Incumbents and Experience
Gersbach, Hans; Müller, Markus - C.E.P.R. Discussion Papers - 2012
This paper analyzes optimal re-election bars when incumbents gain socially valuable experience in office. We develop a two-period model in which the output of a public good depends on an office-holder's effort, ability and experience. When campaigning for election to an open seat in the first...
Persistent link: https://www.econbiz.de/10011083310
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The Dark Side of the Vote: Biased Voters, Social Information, and Information Aggregation Through Majority Voting
Morton, Rebecca; Piovesan, Marco; Tyran, Jean-Robert - C.E.P.R. Discussion Papers - 2012
We experimentally investigate information aggregation through majority voting when some voters are biased. In such … situations, majority voting can have a “dark side”, i.e. result in groups making choices inferior to those made by individuals …. In theory, information on the success of policy choices elsewhere de-biases voters and alleviates the inefficiency. In …
Persistent link: https://www.econbiz.de/10011083707