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Vote or Shout

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  • Chakravarty, Surajeet
  • Kaplan, Todd R

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 is depends upon the order statistics of the distribution of values.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 22122.

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Date of creation: 14 Apr 2010
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Handle: RePEc:pra:mprapa:22122

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Keywords: majority voting; voting procedures; social efficiency;

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  1. Surajeet Chakravarty & Todd R. Kaplan & Gareth Myles, 2010. "The Benefits of Costly Voting," Discussion Papers 1005, Exeter University, Department of Economics.
  2. Yeon-Koo Che & Ian Gale, 1998. "Caps on Political Lobbying," Microeconomics 9809003, EconWPA.
  3. Todd R. Kaplan & David Wettstein, 2006. "Caps on Political Lobbying: Comment," American Economic Review, American Economic Association, vol. 96(4), pages 1351-1354, September.
  4. 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.
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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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