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Dividing resources by flexible majority rules

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  • Hans Gersbach

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Abstract

We examine the division of resources among individuals by flexible majority rules where the majority necessary to adopt a proposal depends on the proposal itself. For instance, the size of the majority may increase with the maximal difference between the shares individuals receive. For large discount factors such rules imply an efficient and even distribution of resources. For low discount factors flexible majority rules supplemented by specific agenda-planning rules such as agenda rights for the opposition guarantee envy-free distribution. Uncertainty about discount rates can make it easier to achieve efficient and envy-free allocations. Copyright Springer-Verlag 2004

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File URL: http://hdl.handle.net/10.1007/s00355-004-0314-6
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Bibliographic Info

Article provided by Springer in its journal Social Choice and Welfare.

Volume (Year): 23 (2004)
Issue (Month): 2 (October)
Pages: 295-308

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Handle: RePEc:spr:sochwe:v:23:y:2004:i:2:p:295-308

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Web page: http://link.springer.de/link/service/journals/00355/index.htm

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Cited by:
  1. Hans Gersbach & Felix Mühe, 2008. "Vote-Buying and Growth," CER-ETH Economics working paper series 08/94, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
  2. Hans Gersbach & Lars-H. Siemers, 2014. "Can democracy induce development? A constitutional perspective," Public Choice, Springer, vol. 159(1), pages 177-196, April.
  3. Markus Müller, 2009. "Vote-Share Contracts and Learning-by-Doing," CER-ETH Economics working paper series 09/114, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
  4. Toke Aidt & Francesco Giovannoni, 2011. "Critical decisions and constitutional rules," Social Choice and Welfare, Springer, vol. 37(2), pages 219-268, July.

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