The optimal majority with an endogenous status quo
AbstractUsing the voting procedure proposed by Baron (1996), the consequences are examined of changing the majority required to change legislation. When the majority required is greater than fifty percent, and when voters behave strategically, the first policy proposed (on a stationary equilibrium path) is never defeated subsequently. Which policy gets proposed first depends on which voter gets to make the first proposal. But increasing the required majority induces a mean–preserving spread on the distribution of these policies, if voters' types are distributed symmetrically. Thus before the voting procedure begins, voters would prefer unanimously to see the required majority reduced. Copyright Springer-Verlag 2003
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Bibliographic InfoArticle provided by Springer in its journal Social Choice and Welfare.
Volume (Year): 21 (2003)
Issue (Month): 1 (08)
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Other versions of this item:
- Bucovetsky, S., 1995. "The Optimal Majority with an Endogenous Status Quo," Papers 95-8, York (Canada) - Department of Economics.
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- Daniel Cardona & Clara Ponsaté, 2008.
"Bargaining one-dimensional policies and the efficiency of super majority rules,"
375, Barcelona Graduate School of Economics.
- Clara Ponsatí & Daniel Cardona, 2008. "Bargaining one-dimensional policies and the efficiency of super majority rules," UFAE and IAE Working Papers 762.09, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Cardona, Daniel & Ponsati, Clara, 2011. "Uniqueness of stationary equilibria in bargaining one-dimensional policies under (super) majority rules," Games and Economic Behavior, Elsevier, vol. 73(1), pages 65-75, September.
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