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Persistent link: https://www.econbiz.de/10011777865
Who will vote quadratically in large-N elections under quadratic voting (QV)? First, who will vote? Although the core QV literature assumes that everyone votes, turnout is endogenous. Drawing on other work, we consider the representativeness of endogenously determined turnout under QV. Second,...
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Prominent theory research on voting uses models in which expected pivotality drives voters' turnout decisions and hence determines voting outcomes. It is recognized, however, that such work is at odds with Downs's paradox: in practice, many individuals turn out for reasons unrelated to...
Persistent link: https://www.econbiz.de/10012200354
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We propose a criterion of approximate incentive compatibility, strategy-proofness in the large (SP-L), and argue that it is a useful second-best to exact strategy-proofness (SP) for market design. Conceptually, SP-L requires that an agent who regards a mechanism's “prices” as exogenous to...
Persistent link: https://www.econbiz.de/10012948087
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We propose a criterion of approximate incentive compatibility, strategy-proofness in the large (SP-L), and argue that it is a useful second-best to exact strategy-proofness (SP) for market design. Conceptually, SP-L requires that an agent who regards a mechanism's “prices” as exogenous to...
Persistent link: https://www.econbiz.de/10012974531
We say that a social choice function is sensitive to collective change if whenever all inputs change, the outcome necessarily changes. Then, we prove that a social choice function is sensitive to collective change if and only if it is dictatorial. This provides a new interpretation of the...
Persistent link: https://www.econbiz.de/10014130453
We propose a criterion of approximate incentive compatibility, strategy-proofness in the large (SP-L), and argue that it is a useful second-best to exact strategy-proofness (SP) for market design. Conceptually, SP-L requires that an agent who regards a mechanism's "prices" as exogenous to her...
Persistent link: https://www.econbiz.de/10012453940