| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7992 |
| DP7992 Competitive equilibrium in Markets for Votes | |
| Alessandra Casella; Thomas R Palfrey; Aniol Llorente-Saguer | |
| 发表日期 | 2010-09-01 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | We develop a competitive equilibrium theory of a market for votes. Before voting on a binary issue, individuals may buy and sell their votes with each other. We define the concept of Ex Ante Vote-Trading Equilibrium, identify weak sufficient conditions for existence, and construct one such equilibrium. We show that this equilibrium must always result in dictatorship and the market generates welfare losses, relative to simple majority voting, if the committee is large enough. We test the theoretical implications by implementing a competitive vote market in the laboratory using a continuous open-book multi-unit double auction. |
| 主题 | Public Economics |
| 关键词 | Competitive equilibrium Experiments Markets Vote trading Voting |
| URL | https://cepr.org/publications/dp7992 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536829 |
| 推荐引用方式 GB/T 7714 | Alessandra Casella,Thomas R Palfrey,Aniol Llorente-Saguer. DP7992 Competitive equilibrium in Markets for Votes. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
