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This paper both theoretically and experimentally studies the properties of plurality and approval voting when the majority is divided as a result of information imperfections. The minority backs a third alternative, which the majority views as strictly inferior. The majority thus faces two...
Persistent link: https://www.econbiz.de/10014160497
This paper both theoretically and experimentally studies the properties of plurality and approval voting when the majority is divided as a result of information imperfections. The minority backs a third alternative, which the majority views as strictly inferior. The majority thus faces two...
Persistent link: https://www.econbiz.de/10014163115
A group of agents wants to reform the status quo if and only if this is Pareto improving. Agents have private information and may have common or private objectives, which creates a tension between information aggregation and minority protection. We analyze a simple voting system - majority rule...
Persistent link: https://www.econbiz.de/10013048058
Persistent link: https://www.econbiz.de/10009679825
This paper both theoretically and experimentally studies the properties of plurality and approval voting when the majority is divided as a result of information imperfections. The minority backs a third alternative, which the majority views as strictly inferior. The majority thus faces two...
Persistent link: https://www.econbiz.de/10009665436
A group of agents wants to reform the status quo if and only if this is Pareto improving. Agents have private information and may have common or private objectives, which creates a tension between information aggregation and minority protection. We analyze a simple voting system - majority rule...
Persistent link: https://www.econbiz.de/10010394633
Persistent link: https://www.econbiz.de/10010400913
Persistent link: https://www.econbiz.de/10010509506
Persistent link: https://www.econbiz.de/10010495590
Persistent link: https://www.econbiz.de/10011435918