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government by majority rule voting could not withstand a bargaining equilibrium comparable to the general equilibrium in a … competitive economy. Democratic government is designed to foster bargaining where it should be fostered and to impede bargaining … where it should be impeded. -- Bargaining ; Majority rule voting …
Persistent link: https://www.econbiz.de/10008702761
Machterhaltungsrestriktion in einer Demokratie bindend, in einer Diktatur dagegen nicht. Der Aufsatz liefert damit eine weitere theoretische … Erklärung für die positive Korrelation zwischen Demokratie und Wohlstand, die sich im Querschnittsvergleich zeigt. …
Persistent link: https://www.econbiz.de/10009305403
Persistent link: https://www.econbiz.de/10013446500
We investigate the welfare effects of policies that increase voter turnout in costly voting models. In a generalized costly voting model, we show that if the electorate is sufficiently large, then increasing voter turnout is generically efficient. Increasing turnout in small elections is only...
Persistent link: https://www.econbiz.de/10014063790
We propose a new voting system, satisfaction approval voting (SAV), for multiwinner elections, in which voters can approve of as many candidates or as many parties as they like. However, the winners are not those who receive the most votes, as under approval voting (AV), but those who maximize...
Persistent link: https://www.econbiz.de/10014045262
We examine an environment with n voters each with a private value over two alternatives. We compare the social surplus of two mechanisms for deciding between them: majority voting and shouting. In majority voting, the choice with the most votes wins. With shouting, the voter who shouts the...
Persistent link: https://www.econbiz.de/10014196110
We present a costly voting model in which each voter has a private valuation for their preferred outcome of a vote. When there is a zero cost to voting, all voters vote and hence all values are counted equally regardless of how high they may be. By having a cost to voting, only those with high...
Persistent link: https://www.econbiz.de/10014197021
The Finnish National Election Study of 2003 revealed that in Finland most voters do not identify with parties and are self-described as independents. In this article it is asserted that partisan attachments affect Finnish parties’ optimal positions despite the large amount of independents. To...
Persistent link: https://www.econbiz.de/10014204898
We propose a new voting system, satisfaction approval voting (SAV), for multiwinner elections, in which voters can approve of as many candidates or as many parties as they like. However, the winners are not those who receive the most votes, as under approval voting (AV), but those who maximize...
Persistent link: https://www.econbiz.de/10013140591
In this paper, citizens vote in order to influence the election outcome and in order to signal their unobserved characteristics to others. The model is one of rational voting and generates the following predictions: (i) The paradox of not voting does not arise, because the benefit of voting does...
Persistent link: https://www.econbiz.de/10013111989