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The paper provides a comprehensive empirical analysis of majority rule and Tiebout sorting within a system of local jurisdictions. The idea behind the estimation procedure is to investigate whether observed levels of public expenditures satisfy necessary conditions implied by majority rule in a...
Persistent link: https://www.econbiz.de/10013218313
The paper provides a comprehensive empirical analysis of majority rule and Tiebout sorting within a system of local jurisdictions. The idea behind the estimation procedure is to investigate whether observed levels of public expenditures satisfy necessary conditions implied by majority rule in a...
Persistent link: https://www.econbiz.de/10012471830
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Crisis bargaining games are widely used to analyze bilateral conflicts, featuring strategic bluffing akin to poker. Players risk substantial losses from overplaying their hand but can secure significant gains if their opponent concedes. Since decisions in crises typically emerge from collective...
Persistent link: https://www.econbiz.de/10015195038
The storable votes mechanism is a method of voting for committees that meet periodically to consider a series of binary decisions. Each member is allocated a fixed budget of votes to be cast as desired over the multiple decisions. Voters are induced to spend more votes on those decisions that...
Persistent link: https://www.econbiz.de/10013324445