{"title":"On Plurality Voting and Runoff Elections: Information Aggregation under Divided Majority","authors":"Jacque Gao","doi":"10.31124/advance.12361097.v1","DOIUrl":"https://doi.org/10.31124/advance.12361097.v1","url":null,"abstract":"This article compares Plurality Voting (PV) and two forms of Runoff Elections (RE) in a setting in which (i) there are two majority-preferred alternatives, (ii) a strong minority backs a third alternative which would make the majority strictly worse off, and (iii) some of the majority voters are uninformed about the \"correct\" majority alternative. I show that in the informative equilibrium in Majority Runoff Elections (MRE), uninformed majority voters vote randomly with strictly positive probability, achieving partial information aggregation, while they always abstain in Automatic Runoff Elections (ARE), achieving full information aggregation and strictly improving the majority's welfare. However, uninformed majority voters do not abstain in PV, resulting in less information aggregation than in both MRE and ARE.","PeriodicalId":40400,"journal":{"name":"Homo Oeconomicus-Journal of Behavioral and Institutional Economics","volume":"16 1","pages":""},"PeriodicalIF":0.8,"publicationDate":"2020-05-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78897427","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Concessions-Based Procedure for Meta-Bargaining Problems","authors":"M. C. Marco, Josep E. Peris, Begoña Subiza","doi":"10.1007/s41412-020-00096-8","DOIUrl":"https://doi.org/10.1007/s41412-020-00096-8","url":null,"abstract":"","PeriodicalId":40400,"journal":{"name":"Homo Oeconomicus-Journal of Behavioral and Institutional Economics","volume":"9 1","pages":"105 - 120"},"PeriodicalIF":0.8,"publicationDate":"2020-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80577735","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Nash Solution as a von Neumann–Morgenstern Utility Function on Bargaining Games","authors":"Anke Gerber","doi":"10.1007/s41412-020-00095-9","DOIUrl":"https://doi.org/10.1007/s41412-020-00095-9","url":null,"abstract":"","PeriodicalId":40400,"journal":{"name":"Homo Oeconomicus-Journal of Behavioral and Institutional Economics","volume":"54 1","pages":"87 - 104"},"PeriodicalIF":0.8,"publicationDate":"2020-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79814684","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Partial Versus General Compulsory Solidarity: an Experimental Analysis","authors":"A. Angelovski, A. Galliera, W. Güth","doi":"10.1007/s41412-019-00093-6","DOIUrl":"https://doi.org/10.1007/s41412-019-00093-6","url":null,"abstract":"","PeriodicalId":40400,"journal":{"name":"Homo Oeconomicus-Journal of Behavioral and Institutional Economics","volume":"119 1","pages":"249 - 279"},"PeriodicalIF":0.8,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73693446","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Democracy as a Game of Trust: The Limits of Generality Constraints","authors":"Alexandra Oprea","doi":"10.1007/s41412-019-00092-7","DOIUrl":"https://doi.org/10.1007/s41412-019-00092-7","url":null,"abstract":"","PeriodicalId":40400,"journal":{"name":"Homo Oeconomicus-Journal of Behavioral and Institutional Economics","volume":"28 1","pages":"227 - 248"},"PeriodicalIF":0.8,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86590438","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Success, Survival and Probabilistic Voting: The Case of a ruling Party","authors":"Artyom Jelnov, Pavel Jelnov","doi":"10.1007/s41412-019-00091-8","DOIUrl":"https://doi.org/10.1007/s41412-019-00091-8","url":null,"abstract":"","PeriodicalId":40400,"journal":{"name":"Homo Oeconomicus-Journal of Behavioral and Institutional Economics","volume":"42 1","pages":"209 - 226"},"PeriodicalIF":0.8,"publicationDate":"2019-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86232474","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Buchanan@100: Special Issue in Honor of James M. Buchanan","authors":"G. Brennan, H. Kliemt","doi":"10.1007/s41412-019-00090-9","DOIUrl":"https://doi.org/10.1007/s41412-019-00090-9","url":null,"abstract":"","PeriodicalId":40400,"journal":{"name":"Homo Oeconomicus-Journal of Behavioral and Institutional Economics","volume":"142 1","pages":"1 - 5"},"PeriodicalIF":0.8,"publicationDate":"2019-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s41412-019-00090-9","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72524855","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Apple Trees for Firewood: James Buchanan’s Case for a Balanced Budget Amendment in the Context of U.S. Fiscal Policy","authors":"R. Boccia","doi":"10.1007/s41412-019-00089-2","DOIUrl":"https://doi.org/10.1007/s41412-019-00089-2","url":null,"abstract":"","PeriodicalId":40400,"journal":{"name":"Homo Oeconomicus-Journal of Behavioral and Institutional Economics","volume":"8 1","pages":"7 - 23"},"PeriodicalIF":0.8,"publicationDate":"2019-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79682983","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Status Quo in Buchanan’s Constitutional Contractarianism","authors":"C. Melenovsky","doi":"10.1007/s41412-019-00088-3","DOIUrl":"https://doi.org/10.1007/s41412-019-00088-3","url":null,"abstract":"","PeriodicalId":40400,"journal":{"name":"Homo Oeconomicus-Journal of Behavioral and Institutional Economics","volume":"22 1","pages":"87 - 109"},"PeriodicalIF":0.8,"publicationDate":"2019-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s41412-019-00088-3","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72519631","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}