Showing 1 - 10 of 4,440
vote independently of each other. Thus, we receive as an empirical result what the previous voting power literature assumed. …
Persistent link: https://www.econbiz.de/10012019199
economics. This paper explores voting on a scheme of intergroup competition, which facilitates cooperation in a social dilemma … outcome depends strongly on specific voting rules of institutional choice. If the majority decides, competition is almost … foregone. -- public goods ; competition ; tournament ; cooperation ; voting …
Persistent link: https://www.econbiz.de/10009548053
affects information aggregation at the deliberation and voting stages, leading to sharply different committee error rates than … under secrecy. This occurs despite subjects revealing more information under transparency than theory predicts. …
Persistent link: https://www.econbiz.de/10010516456
the probabilities of project implementation as well as welfare (despite differences in individual voting behavior). Second …
Persistent link: https://www.econbiz.de/10012295187
Many important intertemporal decisions are made by groups rather than individuals. What happens to collective decisions when there is internal conflict about the tradeoff between present and future has not been thoroughly investigated so far. We study experimentally the causal effect of group...
Persistent link: https://www.econbiz.de/10012415076
We determine the scoring rule that is most likely to select a high-ability candidate. A major result is that neither the widely used plurality rule nor the inverse-plurality rule are ever optimal, and that the Borda rule is hardly ever optimal. Furthermore, we show that only the...
Persistent link: https://www.econbiz.de/10011795205
This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule. There is an even number of decision makers at each of various skill levels and each committee has an odd number of members. Surprisingly, even with the symmetric assumptions in...
Persistent link: https://www.econbiz.de/10009309640
intermediate levels of patience, this comparison may be reversed. Holding the fraction of votes required to stop fixed, expected … that unanimity is welfare maximizing. -- Sequential search ; voting …
Persistent link: https://www.econbiz.de/10003571668
We investigate the role of spatial frictions in search equilibrium unemployment. For that, we develop a model of the labor market in which workers? location in an agglomeration depends on commuting costs, the endogenous price of land and the value of job search and employment. We first show that...
Persistent link: https://www.econbiz.de/10011336862
We prove that the change in welfare of a representative consumer is summarized by the current and expected future values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility while taking prices parametrically. This result justifies...
Persistent link: https://www.econbiz.de/10003925275