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We present a dynamic theory of electoral competition to study the determinants of fiscal policy. In each period, two …
Persistent link: https://www.econbiz.de/10011674446
An economic argument in favor of direct democracy in a social choice setting with pure common values, private noisy information about an unobservable payoff-relevant state of the world, and costless voting is essentially one about information aggregation: if all citizens vote according to their...
Persistent link: https://www.econbiz.de/10014146324
We study private communication in social networks prior to a majority vote on two alternative policies. Some (or all) agents receive a private imperfect signal about which policy is correct. They can, but need not, recommend a policy to their neighbors in the social network prior to the vote. We...
Persistent link: https://www.econbiz.de/10012963940
The Anglo-American double-member districts employing plurality-at-large are frequently criticized for giving a large majority premium to a winning party. In this paper, we demonstrate that the premium stems from a limited degree of voters' discrimination associated with only two positive votes...
Persistent link: https://www.econbiz.de/10013073694
levels in all treatments, and the comparative statics effects across treatments are as predicted by the theory. …
Persistent link: https://www.econbiz.de/10010198494
individual levels in all treatments, and the comparative statics effects across treatments are as predicted by the theory …
Persistent link: https://www.econbiz.de/10009271606
We model an election between two Downsian mainstream candidates and a third inflexible politician. There is uncertainty about the state of the world. Candidates receive signals on the state and propose a policy to implement. There are two classes of voters: ideological, who are biased towards...
Persistent link: https://www.econbiz.de/10011537537
In this paper, we study the potential implications of a novel yet natural voting system: strategic sequential voting. Each voter has one vote and can choose when to cast his vote. After each voting period, the current count of votes is publicized enabling subsequent voters to use this...
Persistent link: https://www.econbiz.de/10011514799
We study private communication in social networks prior to a majority vote on two alternative policies. Some (or all) agents receive a private imperfect signal about which policy is correct. They can, but need not, recommend a policy to their neighbors in the social network prior to the vote. We...
Persistent link: https://www.econbiz.de/10011599298
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