Dynamic Voting in Clubs
AbstractThis paper examines the process and outcomes of democratic decision-making in clubs where a club is defined by their sets of members whose preferences and decisions relate to the set of members in the club: the electorate to endogenous. Examples range from international organizations like the European Union and NATO to firms, workers' cooperatives and trade unions. Although the policy space is infinite, a majority voting equilibrium exists under plausible conditions and the equilibrium rule and the dynamics of clubs are characterised. Two types of club, one where a group funds some public good and the other where a given benefit is shared by the group, are analysed in detail.
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Bibliographic InfoPaper provided by Suntory and Toyota International Centres for Economics and Related Disciplines, LSE in its series STICERD - Theoretical Economics Paper Series with number 367.
Date of creation: Jan 1999
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Web page: http://sticerd.lse.ac.uk/_new/publications/default.asp
cooperatives; local public goods; majority voting; median voter; organization size; partnerships; trade unions.;
Other versions of this item:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
- D92 - Microeconomics - - Intertemporal Choice - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
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