Economics > General Economics
[Submitted on 17 Apr 2023
(this version)
, latest version 16 May 2025 (v7)
]
Title: Democratic Policy Decisions with Decentralized Promises Contingent on Vote Outcome
Title: 基于投票结果的去中心化承诺的民主政策决策
Abstract: We study how decentralized utility transfer promises affect collective decision-making by voting. Committee members with varying levels of support and opposition for an efficient reform can make enforceable promises before voting. An equilibrium requires stability and minimal promises. Equilibrium promises exist and are indeterminate, but do share several key characteristics. Equilibria require transfer promises from high to low intensity members and result in enacting the reform. When reform supporters lack sufficient voting power, promises must reach across the aisle. Even if the coalition of reform supporters is decisive, promises must preclude the least enthusiastic supporters of the reform from being enticed to overturn the decision. In that case, equilibrium promises do not need to reach across the aisle. We also discuss a finite sequence of promises that achieve an equilibrium.
Submission history
From: Ali Lazrak [view email][v1] Mon, 17 Apr 2023 06:17:26 UTC (60 KB)
[v2] Mon, 22 May 2023 06:52:50 UTC (51 KB)
[v3] Wed, 24 May 2023 06:01:51 UTC (52 KB)
[v4] Mon, 24 Jul 2023 17:37:40 UTC (54 KB)
[v5] Tue, 5 Nov 2024 17:42:29 UTC (79 KB)
[v6] Sat, 15 Mar 2025 00:12:22 UTC (84 KB)
[v7] Fri, 16 May 2025 07:44:59 UTC (79 KB)
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