When the Powerful Drag Their Feet
AbstractWe examine the timing of group decisions that are taken by weighted voting. Decision-making is in two stages. In the second stage, players vote on a policy restriction. In the first stage, players vote to determine the timing of the second-stage decision: “early”, before players’ types are revealed, or “late”. Players differ in both size and voting power. We show that players with greater power tend to prefer a late vote, whereas less powerful players tend to want to vote early. By contrast, large players tend to prefer an early vote and small players a late vote. We present evidence from the literatures on corporate governance, international relations, European Union governance, and oil extraction. We examine an extension in which players choose the qualified majority threshold besides the timing of the second-stage vote.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Department of Economics, University of Victoria in its series Department Discussion Papers with number 0703.
Length: 47 pages
Date of creation: 04 Sep 2007
Date of revision:
Note: ISSN 1914-2838
Contact details of provider:
Postal: PO Box 1700, STN CSC, Victoria, BC, Canada, V8W 2Y2
Web page: http://web.uvic.ca/econ
More information through EDIRC
Timing of decisions; strategic delay; committee decisions; weighted voting; multilateralism;
Find related papers by JEL classification:
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
- H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-09-16 (All new papers)
- NEP-CDM-2007-09-16 (Collective Decision-Making)
- NEP-POL-2007-09-16 (Positive Political Economics)
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.:
- Libecap, Gary D & Wiggins, Steven N, 1985. "The Influence of Private Contractual Failure on Regulation: The Case of Oil Field Unitization," Journal of Political Economy, University of Chicago Press, vol. 93(4), pages 690-714, August.
- Klapper, Leora F & Laeven, Luc & Love, Inessa, 2005. "What drives corporate governance? Firm-level evidence from Eastern Europe," Policy Research Working Paper Series 3600, The World Bank.
- Giovanni Maggi & Massimo Morelli, 2003.
"Self Enforcing Voting in International Organizations,"
NBER Working Papers
10102, National Bureau of Economic Research, Inc.
- Giovanni Maggi & Massimo Morelli, 2006. "Self-Enforcing Voting in International Organizations," American Economic Review, American Economic Association, vol. 96(4), pages 1137-1158, September.
- John C. Harsanyi, 1953. "Cardinal Utility in Welfare Economics and in the Theory of Risk-taking," Journal of Political Economy, University of Chicago Press, vol. 61, pages 434.
- Dal Bo, Ernesto, 2006. "Committees with supermajority voting yield commitment with flexibility," Journal of Public Economics, Elsevier, vol. 90(4-5), pages 573-599, May.
- Benoit, Jean-Pierre & Kornhauser, Lewis A., 2002. "Game-theoretic analysis of legal rules and institutions," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 3, chapter 60, pages 2229-2269 Elsevier.
- B�rd Harstad, 2005. "Majority Rules and Incentives," The Quarterly Journal of Economics, MIT Press, vol. 120(4), pages 1535-1568, November.
- Philippe Aghion & Alberto Alesina & Francesco Trebbi, 2004.
"Endogenous Political Institutions,"
The Quarterly Journal of Economics,
MIT Press, vol. 119(2), pages 565-611, May.
- Philippe Aghion & Alberto Alesina & Francesco Trebbi, 2002. "Endogenous Political Institutions," NBER Working Papers 9006, National Bureau of Economic Research, Inc.
- Philippe Aghion & Albero Alesina & Francesco Trebbi, 2002. "Endogenous Political Institutions," Harvard Institute of Economic Research Working Papers 1957, Harvard - Institute of Economic Research.
- Aghion, Philippe & Alesina, Alberto & Trebbi, Francesco, 2004. "Endogenous Political Institutions," Scholarly Articles 4481498, Harvard University Department of Economics.
- Aghion, Philippe & Alesina, Alberto F & Trebbi, Francesco, 2002. "Endogenous Political Institutions," CEPR Discussion Papers 3473, C.E.P.R. Discussion Papers.
- Caplin, Andrew S & Nalebuff, Barry J, 1988. "On 64%-Majority Rule," Econometrica, Econometric Society, vol. 56(4), pages 787-814, July.
- Nitzan, Shmuel & Paroush, Jacob, 1982. "Optimal Decision Rules in Uncertain Dichotomous Choice Situations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 23(2), pages 289-97, June.
- Salvador BARBER?Author-Email: firstname.lastname@example.org & Matthew O. JACKSON, 2003.
"On the Weights of Nations: Assigning Voting Weights in a Heterogenous Union,"
UFAE and IAE Working Papers
597.03, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Salvador Barbera & Matthew O. Jackson, 2006. "On the Weights of Nations: Assigning Voting Weights in a Heterogeneous Union," Journal of Political Economy, University of Chicago Press, vol. 114(2), pages 317-339, April.
- Barbera, Salvador & Matthew O. Jackson, 2004. "On the Weights of Nations: Assigning Voting Weights in a Heterogeneous Union," Working Papers 1196, California Institute of Technology, Division of the Humanities and Social Sciences.
- Salvador Barberà & Matthew O. Jackson, 2003. "On the Weights of Nations: Assigning Voting Weights in a Heterogeneous Union," Working Papers 220, Barcelona Graduate School of Economics.
- Salvador Barbera & Matthew O. Jackson, 2004. "On the Weights of Nations: Assigning Voting Weights in a Heterogeneous Union," Working Papers 2004.76, Fondazione Eni Enrico Mattei.
- Admati, Anat R & Perry, Motty, 1987. "Strategic Delay in Bargaining," Review of Economic Studies, Wiley Blackwell, vol. 54(3), pages 345-64, July.
- James M. Snyder Jr. & Michael M. Ting & Stephen Ansolabehere, 2005. "Legislative Bargaining under Weighted Voting," American Economic Review, American Economic Association, vol. 95(4), pages 981-1004, September.
- Alesina, A. & Drazen, A., 1991.
"Why Are Stabilizations Delayed?,"
6-91, Tel Aviv - the Sackler Institute of Economic Studies.
- Andrew Moravcsik & Kalypso Nicolaïdis, 1999. "Explaining the Treaty of Amsterdam: Interests, Influence, Institutions," Journal of Common Market Studies, Wiley Blackwell, vol. 37(1), pages 59-85, 03.
- Bård Harstad, 2007. "Harmonization and Side Payments in Political Cooperation," American Economic Review, American Economic Association, vol. 97(3), pages 871-889, June.
- Matthias Messner & Mattias K. Polborn, 2004.
"Voting on Majority Rules,"
Review of Economic Studies,
Oxford University Press, vol. 71(1), pages 115-132.
- Karpoff, Jonathan M, 1987. "Suboptimal Controls in Common Resource Management: The Case of the Fishery," Journal of Political Economy, University of Chicago Press, vol. 95(1), pages 179-94, February.
- Bolton, Patrick & Farrell, Joseph, 1990. "Decentralization, Duplication, and Delay," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 803-26, August.
- Paul Schure & Amy Verdun, 2008. "Legislative Bargaining in the European Union," European Union Politics, , vol. 9(4), pages 459-486, December.
- Felsenthal, Dan S. & Machover, Moshe, 1999. "Minimizing the mean majority deficit: The second square-root rule," Mathematical Social Sciences, Elsevier, vol. 37(1), pages 25-37, January.
- Lloyd Shapley & Bernard Grofman, 1984. "Optimizing group judgmental accuracy in the presence of interdependencies," Public Choice, Springer, vol. 43(3), pages 329-343, January.
- Giuseppe Attanasi & Luca CORAZZINI & Francesco PASSARELLI, 2009.
"Voting as a Lottery,"
LERNA Working Papers
09.27.303, LERNA, University of Toulouse.
- Giuseppe Attanasi, Luca Corazzini, Francesco Passarelli, 2007. "Voting as a Lottery," ISLA Working Papers 28, ISLA, Centre for research on Latin American Studies and Transition Economies, Universita' Bocconi, Milano, Italy.
- Attanasi, Giuseppe & Corazzini, Luca & Passarelli, Francesco, 2010. "Voting as a Lottery," TSE Working Papers 09-116, Toulouse School of Economics (TSE), revised Nov 2010.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lori Cretney).
If references are entirely missing, you can add them using this form.