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Minorities and Storable Votes

Casella, Alessandra and Palfrey, Thomas R. and Riezman, Raymond (2006) Minorities and Storable Votes. Social Science Working Paper, 1261. California Institute of Technology , Pasadena, CA. (Unpublished) http://resolver.caltech.edu/CaltechAUTHORS:20170801-092302519

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Abstract

The paper studies a simple voting system that has the potential to increase the power of minorities without sacrificing aggregate efficiency. Storable votes grant each voter a stock of votes to spend as desired over a series of binary decisions. By accumulating votes on issues that it deems most important, the minority can win occasionally. But because the majority typically can outvote it, the minority wins only if its strength of preference is high and the majority’s strength of preference is low. The result is that with storable votes, aggregate efficiency either falls little or in fact rises. The theoretical predictions of our model are confirmed by a series of experiments: the frequency of minority victories, the relative payoff of the minority versus the majority, and the aggregate payoffs all match the theory.


Item Type:Report or Paper (Working Paper)
Additional Information:We gratefully acknowledge financial support from the National Science Foundation, grant number SES-0214013, PLESS, CASSEL, and SSEL. We acknowledge helpful comments from participants of the Conference in Tribute to Jean-Jacques Laffont in Toulouse, June 30-July 2, 2005, the Econometric Society 2005 World Congress in London, and seminars at the Institute for Advanced Study in Princeton, the University of Venice, and CORE.
Group:Social Science Working Papers
Funders:
Funding AgencyGrant Number
NSFSES-0214013
Princeton Laboratory for Experimental Social Science (PLESS)UNSPECIFIED
California Social Science Experimental Laboratory (CASSEL)UNSPECIFIED
Caltech Social Science Experimental LaboratoryUNSPECIFIED
Record Number:CaltechAUTHORS:20170801-092302519
Persistent URL:http://resolver.caltech.edu/CaltechAUTHORS:20170801-092302519
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:79666
Collection:CaltechAUTHORS
Deposited By: Hanna Storlie
Deposited On:01 Aug 2017 20:29
Last Modified:01 Aug 2017 20:29

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