Majority voting leads to unanimity
We consider a situation where society decides, through majority voting in a secret ballot, between the alternatives of ‘reform’ and ‘status quo’. Reform is assumed to create a minority of winners, while being efficient in the Kaldor-Hicks sense. We explore the consequences of allowing binding transfers between voters conditional on the chosen alternative. In particular, we establish conditions under which the winners wish to compensate all losers, thus leading to unanimity for reform, rather than compensating some losers to form a non-maximal majority. The analysis employs concepts from cooperative game theory.
|Date of creation:||07 Jan 2005|
|Publication status:||Published in International Journal of Game Theory, 2006, pages 91-110.|
|Contact details of provider:|| Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway|
Phone: 22 85 51 27
Fax: 22 85 50 35
Web page: http://www.oekonomi.uio.no/indexe.html
More information through EDIRC
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.:
- Steven J. Brams & Peter C. Fishburn, 1996. "Minimal winning coalitions in weighted-majority voting games," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 13(4), pages 397-417.
- Steven Brams & Michael Jones & D. Kilgour, 2005.
"Forming stable coalitions: The process matters,"
Springer, vol. 125(1), pages 67-94, July.
- David P. Baron, 2001. "Theories of Strategic Nonmarket Participation: Majority-Rule and Executive Institutions," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 10(1), pages 47-89, 03.
- C. A. Claussen, 2002. "On the Dynamic Consistency of Reform and Compensation Schemes," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 5(3), pages 133-144.
- Sanjay Jain & Sharun W. Mukand, 2003. "Redistributive Promises and the Adoption of Economic Reform," American Economic Review, American Economic Association, vol. 93(1), pages 256-264, March.
- Mathias Dewatripont & Gérard Roland, 1997.
"Transition as a process of large-scale institutional change,"
ULB Institutional Repository
2013/9659, ULB -- Universite Libre de Bruxelles.
- Mathias Dewatripont & Gérard Roland, 1996. "Transition as a process of large-scale institutional change," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 4(1), pages 1-30, 05.
- Sebastian Edwards & Daniel Lederman, 1998. "The Political Economy of Unilateral Trade Liberalization: The Case of Chile," NBER Working Papers 6510, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:hhs:osloec:2005_002. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Magnus Gabriel Aase)
If references are entirely missing, you can add them using this form.