Showing 1 - 10 of 47
Under evaluative voting, the voter freely grades each candidate on a numerical scale, with the winning candidate being … determined by the sum of the grades they receive. This paper compares evaluative voting with the two-round system, reporting on … evaluative voting rules, and the specific pattern of strategic voting under the official, two-round voting rule. …
Persistent link: https://www.econbiz.de/10011026210
We examine through an experimental design how rational and non-rational considerations affect the decision to vote or to abstain in First Past the Post and PR elections. We show that in both types of elections, but particularly so under PR, a majority of subjects do not make the "right"...
Persistent link: https://www.econbiz.de/10009295309
International agreements about transnational issues are difficult to reach, as the examples of the Copenhagen summit or the never-ending discussions of the future of the European Union make clear. In this paper, we relate this difficulty to the political process and the conflicts of interest...
Persistent link: https://www.econbiz.de/10010603649
different values to the two types of mistake that may occur. Most voting rules have a plethora of uninformative equilibria, and … informative voting may be incompatible with equilibrium. We analyze an anonymous randomized majority rule that has a unique … under certain perturbations of the behavioral assumptions: (i) a slight preference for voting according to one's conviction …
Persistent link: https://www.econbiz.de/10008793596
This article explains why the traditional model of the theory of social choice misrepresents reality, it cannot lead to acceptable methods of ranking and electing in any case, and a more realistic model leads inevitably to one method of ranking and electing—majority judgment—that best meets...
Persistent link: https://www.econbiz.de/10008793943
This paper provides a dynamic analysis of the market for academic publications. Given imperfect information about journals' editorial line, authors can sometimes target a wrong journal; in turn, the editor will desk-reject their paper. An equilibrium is de…ned as a situation where both editors...
Persistent link: https://www.econbiz.de/10010930229
In April 2013, all of the major academic publishing houses moved thousands of journal titles to an original hybrid model, under which authors of accepted papers can choose between an expensive open access track and the traditional track available only to subscribers. This paper argues that...
Persistent link: https://www.econbiz.de/10011025714
Given the myriad of journal titles in economics and business administration, scholars can sometimes target the wrong journal. This paper provides a dynamic analysis of the market for academic publications that brings into the picture this type of informational friction. The key modelling device...
Persistent link: https://www.econbiz.de/10008833307
Many observers argue that the abnormal accumulation of risk by banks has been one of the major causes of the 2007-2009 financial turmoil. But what could have pushed banks to engage in such a risk race? The answer brought by this paper builds on the classical signaling model by Spence. If banks'...
Persistent link: https://www.econbiz.de/10008836783
This article analyses belief updating when agents receive a signal that restricts the number of possible states of the world. We create an experiment on individual choice under uncertainty. In this experiment, the subject observes an urn, containing yellow and blue balls, whose composition is...
Persistent link: https://www.econbiz.de/10008792025