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This paper both theoretically and experimentally studies the properties of plurality and approval voting when the majority is divided as a result of information imperfections. The minority backs a third alternative, which the majority views as strictly inferior. The majority thus faces two...
Persistent link: https://www.econbiz.de/10011083533
The rational-voter model is often criticized on the grounds that two of its central predictions (the paradox of voting and Duverger's law) are at odds with reality. Recent theoretical advances suggest that these empirically unsound predictions might be an artifact of an assumption in those...
Persistent link: https://www.econbiz.de/10011196037
Persistent link: https://www.econbiz.de/10010765591
This paper compares the properties of three electoral systems when voters have imperfect information. Imperfect information blurs voter decisions and may divorce the electoral outcome from the true preferences of the electorate. The challenge for electoral design is therefore to translate the...
Persistent link: https://www.econbiz.de/10005662251
This paper shows that information imperfections and common values can solve coordination problems in multicandidate elections. We analyze an election in which (i) the majority is divided between two alternatives and (ii) the minority backs a third alternative, which the majority views as...
Persistent link: https://www.econbiz.de/10009647541
Persistent link: https://www.econbiz.de/10010614108
Persistent link: https://www.econbiz.de/10010627811
This paper both theoretically and experimentally studies the properties of plurality and approval voting when the majority is divided as a result of information imperfections. The minority backs a third alternative, which the majority views as strictly inferior. The majority thus faces two...
Persistent link: https://www.econbiz.de/10010604504
A group of agents wants to reform the status quo if and only if this is Pareto improving. Agents have private information and may have common or private objectives, which creates a tension between information aggregation and minority protection. We analyze a simple voting system - majority rule...
Persistent link: https://www.econbiz.de/10011099054
Why are U.S. congressmen reluctant to support gun control regulations, despite the fact that most Americans are in favor of them? We argue that re-election motives can help explain why politicians often take a pro-gun stance against the interests of the majority of the electorate. We describe a...
Persistent link: https://www.econbiz.de/10011165360