Divided majority and information aggregation: Theory and experiment

A-Tier
Journal: Journal of Public Economics
Year: 2016
Volume: 134
Issue: C
Pages: 114-128

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We propose a theory-based experimental approach to compare the properties of approval voting (AV) with those of plurality. This comparison is motivated by the theoretical prediction that, in our aggregate uncertainty setup, AV should produce close to first-best outcomes, while plurality will not. The experiment shows, first, that welfare gains are substantial. Second, both aggregate and individual responses are in line with theoretical predictions, and thus with strategic voting. Finally, subjects' behavior under AV highlights the need to study equilibria in asymmetric strategies.

Technical Details

RePEc Handle
repec:eee:pubeco:v:134:y:2016:i:c:p:114-128
Journal Field
Public
Author Count
3
Added to Database
2026-01-24