Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5071286 | Games and Economic Behavior | 2017 | 20 Pages |
Abstract
We study the information aggregation properties of unanimous voting rules in the laboratory. In line with theoretical predictions, we find that majority rule with veto power dominates unanimity rule. We also find that the strategic voting model is a fairly good predictor of subject behavior. Finally, we exploit a framing effect to study how the presence of less sophisticated agents affects Veto's welfare properties.
Related Topics
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Economics and Econometrics
Authors
Laurent Bouton, Aniol Llorente-Saguer, Frédéric Malherbe,