کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5072291 1373499 2011 31 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Agenda control as a cheap talk game: Theory and experiments with Storable Votes
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Agenda control as a cheap talk game: Theory and experiments with Storable Votes
چکیده انگلیسی
The paper studies a committee voting sequentially on a known series of binary proposals. Each member is granted, in addition to a vote for each proposal, a single extra bonus vote - a streamlined version of Storable Votes. When the order of the agenda is exogenous, a sufficient condition guarantees the existence of welfare gains, relative to simple majority voting. But is efficiency compromised if a chair controls the order of the agenda? The agenda becomes cheap talk and can be used to transmit information about the chairʼs priorities. The game has multiple equilibria, differing in the precision of the information transmitted, but the welfare impact is minor, and the comparison to simple majority voting is unchanged. In laboratory experiments, subjects have difficulty identifying the informative strategies, but payoffs are effectively identical to theoretical predictions. The bonus vote matters; the chairʼs control of the agenda does not.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Games and Economic Behavior - Volume 72, Issue 1, May 2011, Pages 46-76
نویسندگان
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