Economics > General Economics
[Submitted on 17 Apr 2023
(v1)
, revised 5 Nov 2024 (this version, v5)
, 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 pre-vote interactions in a committee that enacts a welfare-improving reform through voting in the presence of heterogeneous utilities. Committee members use decentralized irrevocable promises of non-negative transfers contingent on the vote outcome to influence the voting behaviour of other committee members. Equilibrium transfers require that no coalition can deviate in a self-enforcing manner that benefits all its members ({\it Strong Nash}) and minimize total transfers. We show that equilibria exist, are indeterminate, efficient, and involve transfers from high- to low-utility members. Equilibrium transfers prevent reform opponents from persuading less enthusiastic reform supporters to vote against the reform. Transfer recipients can be reform supporters.
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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