Showing 71 - 80 of 1,948
The paper studies a simple voting system that has the potential to increase the power of minorities without sacrificing aggregate efficiency. Storable votes grant each voter a stock of votes to spend as desired over a series of binary decisions. By accumulating votes on issues that it deems most...
Persistent link: https://www.econbiz.de/10010276132
This paper compares three collective choice procedures for the provision of excludable public goods under incomplete information. One, serial cost sharing (SCS), is budget balanced, individually rational, anonymous, and strategy proof. The other two are "hybrid" procedures: voluntary cost...
Persistent link: https://www.econbiz.de/10005764012
We report experimental results from long sequences of decisions in environments that are theoretically prone to severe information cascades. Observed behaviour is much different-information cascades are ephemeral. We study the implications of a theoretical model based on quantal response...
Persistent link: https://www.econbiz.de/10005672612
Most of the laboratory research in political science follows the style that was pioneered in experimental economics a half-century ago by Vernon Smith. The connection between this style of political science experimentation and economics experimentation parallels the connection between economic...
Persistent link: https://www.econbiz.de/10005558542
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This paper examines competition in a spatial model of two-candidate elections, where one candidate enjoys a quality advantage over the other candidate. The candidates care about winning and also have policy preferences. There is two-dimensional private information. Candidate ideal points as well...
Persistent link: https://www.econbiz.de/10005572240
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This paper proposes a new framework for studying federal mandates regarding public policies in areas such as environmental quality, public health, highway safety, and the provision of local public goods. Voters have single-peaked preferences along a single policy dimension. There are two levels...
Persistent link: https://www.econbiz.de/10005733421
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