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Many policies, such as trade and immigration, bear important consequences for both the size and distribution of surplus. Oftentimes, people are asked to vote on these policies despite not being all that well-informed about the consequences. This paper studies the extent to which an electorate...
Persistent link: https://www.econbiz.de/10012934806
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We study the problem of aggregating private information in elections with two or more alternatives. We characterize environments where information can be aggregated asymptotically by a sequence of equilibria of voting games as the electorate grows large and explore the implications for the...
Persistent link: https://www.econbiz.de/10012852242
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