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Strategic Voting over Strategic Proposals

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  • Philip Bond
  • H�lya Eraslan

Abstract

Prior research on "strategic voting" has reached the conclusion that unanimity rule is uniquely bad: it results in destruction of information, and hence makes voters worse off. We show that this conclusion depends critically on the assumption that the issue being voted on is exogenous, that is, independent of the voting rule used. We depart from the existing literature by endogenizing the proposal that is put to a vote, and establish that under many circumstances unanimity rule makes voters better off. Moreover, in some cases unanimity rule also makes the proposer better off, even when he has diametrically opposing preferences. In this case, unanimity is the Pareto dominant voting rule. Voters prefer unanimity rule because it induces the proposing individual to make a more attractive proposal. The proposing individual prefers unanimity rule because the acceptance probabilities for moderate proposals are higher. We apply our results to jury trials and debt restructuring. Copyright , Wiley-Blackwell.

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Bibliographic Info

Article provided by Oxford University Press in its journal The Review of Economic Studies.

Volume (Year): 77 (2010)
Issue (Month): 2 ()
Pages: 459-490

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Handle: RePEc:oup:restud:v:77:y:2010:i:2:p:459-490

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Citations

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Cited by:
  1. Konrad, Kai A. & Cusack, Thomas R., 2013. "Hanging together or being hung separately: The strategic power of coalitions where bargaining occurs with incomplete information," Discussion Papers, Research Unit: Market Behavior SP II 2013-202, Social Science Research Center Berlin (WZB).
  2. Laurent Bouton & Micael Castanheira & Aniol Llorente-Saguer, 2012. "Divided Majority and Information Aggregation: Theory and Experiment," Working Paper Series of the Max Planck Institute for Research on Collective Goods 2012_20, Max Planck Institute for Research on Collective Goods.
  3. Mattias K. Polborn & Matthias Messner, 2008. "The option to wait in collective decisions," 2008 Meeting Papers 397, Society for Economic Dynamics.
  4. Henry, Emeric, 2008. "The informational role of supermajorities," Journal of Public Economics, Elsevier, vol. 92(10-11), pages 2225-2239, October.
  5. Gabriele Gratton, 2013. "Pandering and Electoral Competition," Discussion Papers 2012-22B, School of Economics, The University of New South Wales.
  6. Konrad, Kai A. & Cusack, Thomas R., 2013. "Hanging Together or Being Hung Separately: The Strategic Power of Coalitions where Bargaining Occurs with Incomplete Information," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79967, Verein für Socialpolitik / German Economic Association.

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