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Minority Voting and Long-term Decisions Author info | Abstract | Publisher info | Download info | Related research | Statistics Theresa Fahrenberger () (Center of Economic Research (CER-ETH) at ETH Zurich )
Hans Gersbach () (Center of Economic Research (CER-ETH) at ETH Zurich )
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In this paper we propose minority voting as a scheme that can partially protect individuals from the risk of repeated exploitation. We consider a committee that meets twice to decide about projects where the first-period project may have a long-lasting impact. In the first period a simple open majority voting scheme takes place. Voting splits the committee into three groups: voting winners, voting losers, and absentees. Under minority voting only voting losers keep the voting right in the second period. We show that as soon as absolute risk aversion exceeds a threshold value minority voting is superior to repeated application of the simple majority rule.
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Paper provided by CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich in its series Economics working paper series with number
07/70.
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Length: 53 pages
Date of creation: Jul 2007Date of revision:
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Keywords: voting minority durable decision risk aversion tyranny of majority rules Other versions of this item:
Find related papers by JEL classification: D7 - Microeconomics - - Analysis of Collective Decision-Making
This paper has been announced in the following NEP Reports :
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Hans Gersbach & Markus Müller, 2006.
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Theresa Fahrenberger & Hans Gersbach, 2007.
"Minority Voting and Long-term Decisions ,"
Economics working paper series
07/70, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
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