Minorities and Storable Votes
The paper studies a simple voting system that has the potential to increase the power of minorities without sacrificing aggregate efficiency. Storable votes grant each voter a stock of votes to spend as desired over a series of binary decisions. By cumulating votes on issues that it deems most important, the minority can win occasionally. But because the majority typically can outvote it, the minority wins only if its strength of preferences is high and the majority's strength of preferences is low. The result is that aggregate efficiency either falls slightly or in fact rises. The theoretical predictions are confirmed by a series of experiments: the frequency of minority victories, the relative payoff of the minority versus the majority, and the aggregate payoffs all match the theory.
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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.:
- Alessandra Casella & Andrew Gelman & Thomas R. Palfrey, 2003.
"An Experimental Study of Storable Votes,"
NBER Working Papers
9982, National Bureau of Economic Research, Inc.
- Casella, Alessandra & Gelman, Andrew & Palfrey, Thomas R, 2003. "An Experimental Study of Storable Votes," CEPR Discussion Papers 4081, C.E.P.R. Discussion Papers.
- Casella, Alessandra & Gelman, Andrew & Palfrey, Thomas R., 2003. "An Experimental Study of Storable Votes," Working Papers 1173, California Institute of Technology, Division of the Humanities and Social Sciences.
- Paul Milgrom & Robert Weber, 1981.
"Distributional Strategies for Games with Incomplete Information,"
428R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Paul R. Milgrom & Robert J. Weber, 1985. "Distributional Strategies for Games with Incomplete Information," Mathematics of Operations Research, INFORMS, vol. 10(4), pages 619-632, November.
- Rafael Hortala-Vallve, 2007.
Economics Series Working Papers
320, University of Oxford, Department of Economics.
- Casella, Alessandra, 2005.
Games and Economic Behavior,
Elsevier, vol. 51(2), pages 391-419, May.
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