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Vote or Shout

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  • Surajeet Chakravarty

    (Department of Economics, University of Exeter)

  • Todd R. Kaplan

    (Department of Economics, University of Exeter and Department of Economics, University of Haifa)

Abstract

We examine an environment with n voters each with a private value over two alternatives. We compare the social surplus of two mechanisms for deciding between them: majority voting and shouting. In majority voting, the choice with the most votes wins. With shouting, the voter who shouts the loudest (sends the costliest wasteful signal) chooses the outcome. We find that it is optimal to use voting in the case where n is large and value for each particular alternative of the voters is bounded. For other cases, the superior mechanism depends upon the order statistics of the distribution of values.

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File URL: http://people.exeter.ac.uk/cc371/RePEc/dpapers/DP1006.pdf
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Bibliographic Info

Paper provided by Exeter University, Department of Economics in its series Discussion Papers with number 1006.

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Date of creation: 2010
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Handle: RePEc:exe:wpaper:1006

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Related research

Keywords: Voting; Lobbying; Order Statistics.;

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References

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  1. Chakravarty, Surajeet & Kaplan, Todd R & Myles, Gareth, 2010. "The Benefits of Costly Voting," MPRA Paper 21372, University Library of Munich, Germany.
  2. Todd R. Kaplan & David Wettstein, 2006. "Caps on Political Lobbying: Comment," American Economic Review, American Economic Association, vol. 96(4), pages 1351-1354, September.
  3. Eddie Dekel & Matthew O. Jackson & Asher Wolinsky, 2008. "Vote Buying: General Elections," Journal of Political Economy, University of Chicago Press, vol. 116(2), pages 351-380, 04.
  4. Che, Yeon-Koo & Gale, Ian L, 1998. "Caps on Political Lobbying," American Economic Review, American Economic Association, vol. 88(3), pages 643-51, June.
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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. When voting is not optimal
    by Economic Logician in Economic Logic on 2010-05-25 14:41:00

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