A non-monetary form of Clarke pivotal voting
AbstractThe Clarke Pivotal Voting Mechanism (CPVM) elicits truthful revelation of utility functions by requiring any `pivotal' voter to pay a monetary `Clarke tax'. This neglects wealth effects and gives disproportionate power to rich voters. We propose to replace the `Clarke tax' with a lottery, wherein the pivotal voter risks long-term exclusion from the CPVM (and any other formal political participation). The resulting voting mechanism is nonmanipulable, politically egalitarian, and implements something close to Relative Utilitarianism.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 3964.
Date of creation: 10 Jul 2007
Date of revision:
Pivotal Voting Mechanism; demand-revealing mechanism; Groves-Clarke; Clarke tax; Relative Utilitarianism;
Find related papers by JEL classification:
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-07-13 (All new papers)
- NEP-CDM-2007-07-13 (Collective Decision-Making)
- NEP-POL-2007-07-13 (Positive Political Economics)
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CORE Discussion Papers
1993048, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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