Implementation by Vote-Buying Mechanisms

S-Tier
Journal: American Economic Review
Year: 2021
Volume: 111
Issue: 9
Pages: 2811-28

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

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

Abstract

Vote-buying mechanisms allow agents to express any level of support for their preferred alternative at an increasing cost. Focusing on large societies with wealth inequality, we prove that the family of binary social choice rules implemented by well-behaved vote-buying mechanisms is indexed by a single parameter, which determines the importance assigned to the agents' willingness to pay to affect outcomes and to the number of supporters for each alternative. This parameter depends solely on the elasticity of the cost function near its origin: as this elasticity decreases, the intensities of support matter relatively more for outcomes than the supporters' count.

Technical Details

RePEc Handle
repec:aea:aecrev:v:111:y:2021:i:9:p:2811-28
Journal Field
General
Author Count
2
Added to Database
2026-01-25