Vote or Shout
We examine an environment with n voters each with a private value over two alternatives. We compare the social surplus of two mechanisms for deciding between them: majority voting and shouting. In majority voting, the choice with the most votes wins. With shouting, the voter who shouts the loudest (sends the costliest wasteful signal) chooses the outcome. We find that it is optimal to use voting in the case where n is large and value for each particular alternative of the voters is bounded. For other cases, the superior mechanism is depends upon the order statistics of the distribution of values.
|Date of creation:||14 Apr 2010|
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- Eddie Dekel & Matthew O. Jackson & Asher Wolinsky, 2008. "Vote Buying: General Elections," Journal of Political Economy, University of Chicago Press, vol. 116(2), pages 351-380, April.
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- repec:cup:apsrev:v:90:y:1996:i:01:p:34-45_20 is not listed on IDEAS
- Chakravarty, Surajeet & Kaplan, Todd R & Myles, Gareth, 2010. "The Benefits of Costly Voting," MPRA Paper 21372, University Library of Munich, Germany.
- Surajeet Chakravarty & Todd R. Kaplan & Gareth Myles, 2010. "The Benefits of Costly Voting," Discussion Papers 1005, Exeter University, Department of Economics.
- ., 1998. "Weighted Voting in the CMEC," Chapters,in: The Measurement of Voting Power, chapter 5 Edward Elgar Publishing. Full references (including those not matched with items on IDEAS)
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