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We model the decision problems faced by the members of societies whose new members are determined by vote. We adopt a number of simplifying assumptions: the founders and the candidates are fixed; the society operates for k periods and holds elections at the beginning of each period; one vote is...
Persistent link: https://www.econbiz.de/10014215836
We compare the Electoral College and the popular vote in a stylized two-candidate, three-district election game. Under the Electoral College, the winner of a district acquires all votes of the electorate; under the popular vote, each candidate acquires the votes s/he actually wins in each...
Persistent link: https://www.econbiz.de/10014081998
Decision-making processes are studied using non-standard all-pay structures. Our interest is motivated by regulatory, political, legal, military, and economic applications in which individual actions determine the consequences for a larger group or the general public. The common features of...
Persistent link: https://www.econbiz.de/10013091995
Prior research on "strategic voting" has reached the conclusion that unanimity rule is uniquely bad: it results in destruction of information, and hence makes voters worse off. We show that this conclusion depends critically on the assumption that the issue being voted on is exogenous, i.e.,...
Persistent link: https://www.econbiz.de/10003787573
Prior research on quot;strategic votingquot; has reached the conclusion that unanimity rule is uniquely bad: it results in destruction of information, and hence makes voters worse off. We show that this conclusion depends critically on the assumption that the issue being voted on is exogenous,...
Persistent link: https://www.econbiz.de/10012731002
In this brief comment, the public choice theory aims to distinguish the dilemmas and conflicts in formal and empirical. The hypothesis argues that the reality more complex than the principles of choice of Pareto and Liberalism. Both the ethics and politics are taking decisions that are not...
Persistent link: https://www.econbiz.de/10013144517
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Persistent link: https://www.econbiz.de/10010228192
Power indices have been used to evaluate the allocation of power in a wide range of voting situations. While they use the language of game theory known measures of a priori voting power are hardly more than statistical expectations assuming the random behaviour of the players. We introduce a...
Persistent link: https://www.econbiz.de/10010429130
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