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Which decision rule should we use to make a binary collective choice? While voting procedures are applied ubiquitously … qualified majority voting. Our result shows that using a VCG mechanism is not superior to voting in general and justifies the … use of voting mechanisms. It thereby could explain why many decision rules employed in practice do not rely on monetary …
Persistent link: https://www.econbiz.de/10010342115
This paper evaluates direct and structural discrimination as a means of increasing efforts in the most widely studied contests. We establish that a designer who maximizes efforts subject to a balanced-budget constraint prefers dual discrimination, namely, change of the contestants ́prize...
Persistent link: https://www.econbiz.de/10010223058
the launch of the project. Examples are the Kyoto protocol, voting with different weights (shareholders, the UN with the …
Persistent link: https://www.econbiz.de/10010251206
situations in which the adoption of this institution is endogenously decided via majority voting to situations in which it is …
Persistent link: https://www.econbiz.de/10011455952
The role of electoral incentives vs. selection is ideally analyzed in a setting where the same legislators are selected to decide on policies under different electoral rules and where voter preferences on policies can be precisely measured. This is the first paper to look at such a situation....
Persistent link: https://www.econbiz.de/10012286323
A conclave is a voting mechanism in which a committee selects an alternative by voting until a sufficient supermajority … conclave leads to efficiency gains relative to simple majority voting. We also compare welfare properties of a static versus a …
Persistent link: https://www.econbiz.de/10011336977
We study communication in committees selecting one of two alternatives when consensus is required and agents have private information about their preferences. Delaying the decision is costly, so a form of multiplayer war of attrition emerges. Waiting allows voters to express the intensity of...
Persistent link: https://www.econbiz.de/10011872697
We study how norms can solve distributional conflict inside a clan and the efficient coordination of collective action in a conflict with an external enemy. We characterize a fully non-cooperative equilibrium in a finite game in which a self-enforcing norm coordinates the members on efficient...
Persistent link: https://www.econbiz.de/10014224386
We study endogenous group formation in tournaments employing experimental three-player contests. We find that players in endogenously formed alliances cope better with the moral hazard problem in groups than players who are forced into an alliance. Also, players who are committed to expending...
Persistent link: https://www.econbiz.de/10010198496
We model a society that values the coherence between past policy platforms and current implemented policy, and where policy platforms partially commit candidates to their future actions. If an incumbent politician seeks to be reelected, she has to use her platforms to commit to moderate policies...
Persistent link: https://www.econbiz.de/10011703349