73,946 research outputs found

    Words Get in the Way: The Effect of Deliberation in Collective Decision-Making

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    We estimate a model of strategic voting with incomplete information in which committee members - judges in the US courts of appeals - have the opportunity to communicate before casting their votes. The model is characterized by multiple equilibria, and partial identification of model parameters. We obtain confidence regions for these parameters using a two-step estimation procedure that allows flexibly for characteristics of the alternatives and the individuals. To quantify the effects of deliberation on outcomes, we compare the probability of mistakes in the court with deliberation with a counterfactual of no pre-vote communication. We find that for most configurations of the court in the confidence set, in the best case scenario deliberation produces a small potential gain in the effectiveness of the court, and in the worst case it leads to large potential losses

    Budget Processes: Theory and Experimental Evidence

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    This paper studies budget processes, both theoretically and experimentally. We compare the outcomes of bottom-up and top-down budget processes. It is often presumed that a top-down budget process leads to a smaller overall budget than a bottom-up budget process. Ferejohn and Krehbiel (1987) showed theoretically that this need not be the case. We test experimentally the theoretical predictions of their work. The evidence from these experiments lends strong support to their theory, both at the aggregate and the individual subject level

    Information transmission in coalitional voting games

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    A core allocation of a complete information economy can be characterized as one that would not be unanimously rejected in favor of another feasible alternative by any coalition. We use this test of coalitional voting in an incomplete information environment to formalize a notion of resilience. Since information transmission is implicit in the Bayesian equilibria of such voting games, this approach makes it possible to derive core concepts in which the transmission of information among members of a coalition is endogenous. Our results lend support to the credible core of Dutta and Vohra [4] and the core proposed by Myerson [11] as two that can be justified in terms of coalitional votin

    Budget Processes: Theory and Experimental Evidence

    Get PDF
    This paper studies budget processes, both theoretically and experimentally. We compare the outcomes of bottom-up and top-down budget processes. It is often presumed that a top-down budget process leads to a smaller overall budget than a bottom-up budget process. Ferejohn and Krehbiel (1987) showed theoretically that this need not be the case. We test experimentally the theoretical predictions of their work. The evidence from these experiments lends strong support to their theory, both at the aggregate and the individual subject level.budget processes, voting equilibrium, experimental economics

    Budget Processes: Theory and Experimental Evidence

    Get PDF
    This paper studies budget processes, both theoretically and experimentally. We compare the outcomes of bottom-up and top-down budget processes. It is often presumed that a top-down budget process leads to a smaller overall budget than a bottom-up budget process. Ferejohn and Krehbiel (1987) showed theoretically that this need not be the case. We test experimentally the theoretical predictions of their work. The evidence from these experiments lends strong support to their theory, both at the aggregate and the individual subject level.Budget processes; voting equilibrium; experimental economics

    An optimal Voting System when Voting is costly

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    We consider the design of an optimal voting system when voting is costly. For a private values model with two alternatives we show the optimality of a voting system that combines three elements: (i) there is an arbitrarily chosen default decision and non-participation is interpreted as a vote in favor of the default; (ii) voting is sequential; (iii) not all voters are invited to participate in the vote. We show the optimality of such a voting system by first arguing that it is first best, that is, it maximizes welfare when incentive compatibility constraints are ignored, and then showing that individual incentives and social welfare are sufficiently aligned to make the first best system incentive compatible. The analysis in this paper involves some methods that are new to the theory of mechanism design, and it is also a purpose of this paper to explore these new methods.Voting; mechanism design; committees.

    Information Transmission in Coalitional Voting Games

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    A core allocation of a complete information economy can be characterized as one that would not be unanimously rejected in favor of another feasible alternative by any coalition. We use this test of coalitional voting in an incomplete information environment to formalize a notion of resilience. Since information transmission is implicit in the Bayesian equilibria of such voting games, this approach makes it possible to derive core concepts in which the transmission of information among members of a coalition is endogenous. Our results lend support to the credible core of Dutta and Vohra (2003) and the core proposed by Myerson (2003) as two that can be justified in terms of coalitional voting.Core, Incomplete Information, Coalitional Voting, Resilience, Mediation
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