Showing 1 - 10 of 1,203
We study experimentally the effectiveness of communication in common value committees exhibiting publicly known heterogeneous biases. We test models assuming respectively self-interested and strategic-, joint payoff-maximizing- and cognitively heterogeneous agents. These predict varying degrees...
Persistent link: https://www.econbiz.de/10011444227
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
The common use of majority rule in group decision making is puzzling. In theory, it inequitably favors the proposer, and paradoxically, it disadvantages voters further if they are inequity averse. In practice, however, outcomes are equitable. The present paper analyzes data from a novel...
Persistent link: https://www.econbiz.de/10011762571
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
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
This paper develops the symmetric power order, a measure of voting power for multicandidate elections. The measure … generalizes standard pivotality-based voting power measures for binary elections, such as Banzhaf power. At the same time, the … symmetric power order to show that pivotality only measures voting power in monotonic elections, and is not a good measure in …
Persistent link: https://www.econbiz.de/10014112437
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/10012915720
political phenomena that ensued is presented. In the case of sophisticated voting over certain kinds of binary agendas, such as … sometimes yield “sophisticated sincerity”, where equilibrium voting behavior is indistinguishable from sincere voting. Under … behave leads to probabilistic voting models that typically yield utilitarian outcomes. Uncertainty among the voters over …
Persistent link: https://www.econbiz.de/10014024486
We consider a model of common-value sequential voting in which voters are differentiated in their information. We ask … whether the intuition as in the simultaneous-voting case---voters with no information would vote so as not to influence the … outcome---would be valid to imply long voting in our sequential setting. We find that any voting outcome, including short …
Persistent link: https://www.econbiz.de/10014239132
values. The SSPI can serve as a control for power imbedded in voting blocs, permitting fuller analysis of other factors that …
Persistent link: https://www.econbiz.de/10009789971