Bouton, L, Llorente-Saguer, A and Malherbe, F (2016) Unanimous rules in the laboratory. Games and Economic Behavior, 102. pp. 179-198. ISSN 0899-8256
Abstract
We study the information aggregation properties of unanimous voting rules in the laboratory. In line with theoretical predictions, we find that majority rule with veto power dominates unanimity rule. We also find that the strategic voting model is a fairly good predictor of subject behavior. Finally, we exploit a framing effect to study how the presence of less sophisticated agents affects Veto's welfare properties.
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Item Type: | Article |
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Subject Areas: | Economics |
Additional Information: |
© 2016 Elsevier.This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0 |
Date Deposited: | 10 Jan 2017 11:56 |
Date of first compliant deposit: | 05 Jan 2017 |
Subjects: |
Voting Information |
Last Modified: | 05 Nov 2024 02:38 |
URI: | https://lbsresearch.london.edu/id/eprint/775 |