Aguiar-Conraria, Luís; Magalhães, Pedro C. - In: European Journal of Political Economy 26 (2010) 4, pp. 541-557
In many jurisdictions, whether referendum results are binding depends on legally defined quorum requirements. We use a pivotal voter model to examine the consequences of such requirements. We find that, although quorum rules differ in consequences, a status quo bias that is usually attributed...