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The option to wait in collective decisions

Author

Listed:
  • Mattias K. Polborn

    (Univ. of Illinois at Urbana-Champaign)

  • Matthias Messner

    (Bocconi Univ., Milan)

Abstract

We also explore the robustness of our model when second period valuations are correlated across individuals, and when each individual's first and second period types are correlated.

Suggested Citation

  • Mattias K. Polborn & Matthias Messner, 2008. "The option to wait in collective decisions," 2008 Meeting Papers 397, Society for Economic Dynamics.
  • Handle: RePEc:red:sed008:397
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    References listed on IDEAS

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    1. Tullock, Gordon, 1998. "Reply to Guttman," European Journal of Political Economy, Elsevier, vol. 14(2), pages 215-218, May.
    2. Matthias Messner & Mattias K. Polborn, 2004. "Voting on Majority Rules," Review of Economic Studies, Oxford University Press, vol. 71(1), pages 115-132.
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    9. Glazer, Amihai, 1989. "Politics and the Choice of Durability," American Economic Review, American Economic Association, vol. 79(5), pages 1207-1213, December.
    10. Philip Bond & Hülya Eraslan, 2004. "Strategic Voting over Strategic Proposals, Second Version," PIER Working Paper Archive 07-014, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 02 Jan 2007.
    11. Caplin, Andrew S & Nalebuff, Barry J, 1988. "On 64%-Majority Rule," Econometrica, Econometric Society, vol. 56(4), pages 787-814, July.
    12. Gradstein, Mark, 1999. "Optimal taxation and fiscal constitution," Journal of Public Economics, Elsevier, vol. 72(3), pages 471-485, June.
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    14. Philip Bond & Hülya Eraslan, 2010. "Strategic Voting over Strategic Proposals," Review of Economic Studies, Oxford University Press, vol. 77(2), pages 459-490.
    15. Fernandez, Raquel & Rodrik, Dani, 1991. "Resistance to Reform: Status Quo Bias in the Presence of Individual-Specific Uncertainty," American Economic Review, American Economic Association, vol. 81(5), pages 1146-1155, December.
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    Cited by:

    1. Bruno Strulovici, 2010. "Learning While Voting: Determinants of Collective Experimentation," Econometrica, Econometric Society, vol. 78(3), pages 933-971, May.
    2. Bruno Strulovici, 2010. "Learning While Voting: Determinants of Collective Experimentation," Econometrica, Econometric Society, vol. 78(3), pages 933-971, 05.

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