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Exploring Voting Anomalies Using a Demand Revealing Random Price Voting Mechanism

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  • Messer, Kent D.
  • Poe, Gregory L.
  • Rondeau, Daniel
  • Schulze, William D.
  • Vossler, Christian A.

Abstract

Recent papers show that in group decisions individuals have social preferences for efficiency and equity. However, the effect of social preferences on voting, the predominant funding mechanism for public goods, has not been thoroughly examined. This study investigates whether voting decisions are affected by the distribution of net benefits associated with a proposed public program using a new Random Price Voting Mechanism (RPVM). Theoretical and econometric analysis of experimental results presented in the paper suggest that observed differences from selfish voting are caused by a concern for social efficiency, and that voting may be more efficient than previously thought.

Suggested Citation

  • Messer, Kent D. & Poe, Gregory L. & Rondeau, Daniel & Schulze, William D. & Vossler, Christian A., 2006. "Exploring Voting Anomalies Using a Demand Revealing Random Price Voting Mechanism," Working Papers 127062, Cornell University, Department of Applied Economics and Management.
    • Handle: RePEc:ags:cudawp:127062
    DOI: 10.22004/ag.econ.127062
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    File URL: https://ageconsearch.umn.edu/record/127062/files/Cornell_Dyson_wp0622.pdf
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    References listed on IDEAS

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    1. Irwin, Julie R, et al, 1998. "Payoff Dominance vs. Cognitive Transparency in Decision Making," Economic Inquiry, Western Economic Association International, vol. 36(2), pages 272-285, April.
    2. Dirk Engelmann & Martin Strobel, 2007. "Preferences over Income Distributions," Public Finance Review, , vol. 35(2), pages 285-310, March.
    3. Plott, Charles R & Levine, Michael E, 1978. "A Model of Agenda Influence on Committee Decisions," American Economic Review, American Economic Association, vol. 68(1), pages 146-160, March.
    4. Dirk Engelmann & Martin Strobel, 2006. "Inequality Aversion, Efficiency, and Maximin Preferences in Simple Distribution Experiments: Reply," American Economic Review, American Economic Association, vol. 96(5), pages 1918-1923, December.
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    Cited by:

    1. Kotani, Koji & Messer, Kent D. & Schulze, William D., 2010. "Matching Grants and Charitable Giving: Why People Sometimes Provide a Helping Hand to Fund Environmental Goods," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 39(2), pages 1-20, April.
    2. Johansson-Stenman, Olof, 2012. "Are most people consequentialists?," Economics Letters, Elsevier, vol. 115(2), pages 225-228.
    3. Paetzel, Fabian & Sausgruber, Rupert & Traub, Stefan, 2014. "Social preferences and voting on reform: An experimental study," European Economic Review, Elsevier, vol. 70(C), pages 36-55.
    4. Henk Folmer & Olof Johansson-Stenman, 2011. "Does Environmental Economics Produce Aeroplanes Without Engines? On the Need for an Environmental Social Science," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 48(3), pages 337-361, March.
    5. Marcelo Tyszler & Arthur Schram, 2013. "Strategic Voting in Heterogeneous Electorates: An Experimental Study," Games, MDPI, Open Access Journal, vol. 4(4), pages 1-24, November.
    6. Christian Vossler & Michael McKee, 2006. "Induced-Value Tests of Contingent Valuation Elicitation Mechanisms," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 35(2), pages 137-168, October.

    More about this item

    Keywords

    Demand and Price Analysis;

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