Showing 1 - 10 of 13
This paper provides a theoretical foundation which supports the degressive proportionality principle in apportionment problems. The core of the argument is that each individual derives utility from the fact that the collective decision matches her own will with some frequency, with marginal...
Persistent link: https://www.econbiz.de/10010821267
We consider hybrid procedures: a first step of reducing the game by iterated elimination of weakly dominated strategies (IEWDS) followed by a second step of applying an equilibrium refinement. We show that the set of perfect/proper outcomes of a reduced normal-form game might be larger than the...
Persistent link: https://www.econbiz.de/10010789966
It is well known that ex post efficient mechanisms for the provision of indivisible public goods are not interim individually rational. However, the corresponding literature assumes that agents who veto a mechanism can enforce a situation in which the public good is never provided. This paper...
Persistent link: https://www.econbiz.de/10011049732
This paper provides a theoretical foundation that supports the degressive proportionality principle in apportionment problems, such as the allocation of seats in a federal parliament. The utility assigned by an individual to a constitutional rule is a function of the frequency with which each...
Persistent link: https://www.econbiz.de/10011010629
A decision maker is presented with two preference orders over n objects and chooses the one which is “closer” to his own preference order. We consider several plausible comparison rules that the decision maker might employ. We show that when n is large and the pair of orders to be compared...
Persistent link: https://www.econbiz.de/10011015075
This paper presents a model of Downsian political competition in which voters are imperfectly informed about economic fundamentals. In this setting, parties' choices of platforms influence voters' behavior not only through voters' preferences over policies, but also through formation of their...
Persistent link: https://www.econbiz.de/10004992525
This paper presents a model of Downsian political competition in which voters are imperfectly informed about economic fundamentals. In this setting, partiesfchoices of platforms influence votersf behavior not only through votersf preferences over policies, but also through formation of their...
Persistent link: https://www.econbiz.de/10005675539
This paper analyzes the optimal size of a deliberating committee where (i) there is no conflict of interest among individuals and (ii) information acquisition is costly. The committee members simultaneously decide whether to acquire information, and then make the ex-post efficient decision. The...
Persistent link: https://www.econbiz.de/10005256847
This paper extends a probabilistic voting model with a multidimensional policy space, allowing candidates to have different prior probability distributions of the distribution of voters' ideal policies. In this model, we show that a platform pair is a Nash equilibrium if and only if both...
Persistent link: https://www.econbiz.de/10009651266
This paper presents a Downsian model of political competition in which parties have incomplete but richer information than voters on policy effects. Each party can observe a private signal of the policy effects, while voters cannot. In this setting, voters infer the policy effects from the party...
Persistent link: https://www.econbiz.de/10008800713