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  6. Exploring Voting Anomalies Using a Demand Revealing Random Price Voting Mechanism

Exploring Voting Anomalies Using a Demand Revealing Random Price Voting Mechanism

File(s)
Cornell_Dyson_wp0622.pdf (373.45 KB)
Permanent Link(s)
https://hdl.handle.net/1813/57869
Collections
Dyson School Working Papers
Author
Messer, Kent D.
Poe, Gregory L.
Rondeau, Daniel
Schulze, William D.
Vossler, Christian A.
Abstract

Recent papers show that in group decisions individuals have social preferences for efficiency and equity. However, the effect of social preferences on voting, the predominant funding mechanism for public goods, has not been thoroughly examined. This study investigates whether voting decisions are affected by the distribution of net benefits associated with a proposed public program using a new Random Price Voting Mechanism (RPVM). Theoretical and econometric analysis of experimental results presented in the paper suggest that observed differences from selfish voting are caused by a concern for social efficiency, and that voting may be more efficient than previously thought.

Description
WP 2006-22 October 2006
JEL Classification Codes: C91; C92; D64; D72; H41
Date Issued
2006-10-01
Publisher
Charles H. Dyson School of Applied Economics and Management, Cornell University
Type
article

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