Journal article
Dynamic voting in clubs
- Abstract:
- This paper examines the process and outcomes of democratic decision-making in clubs where a club is defined by its set of members whose preferences and decisions relate to the set of members in the club: the electorate is endogenous. Examples range from international organizations like the European Union and NATO to firms, workers’ cooperatives and trade unions. Although the policy space is infinite, a majority voting equilibrium exists under plausible conditions and the equilibrium rule and the dynamics of clubs are characterized. Two types of club, one where a group funds some public good and the other where a given benefit is shared by the group, are analyzed in detail.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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- Files:
-
-
(Preview, Accepted manuscript, pdf, 609.6KB, Terms of use)
-
- Publisher copy:
- 10.1016/j.rie.2015.02.004
Authors
- Publisher:
- Elsevier
- Journal:
- Research in Economics More from this journal
- Volume:
- 69
- Issue:
- 3
- Pages:
- 320-335
- Publication date:
- 2015-02-16
- Acceptance date:
- 2015-02-08
- DOI:
- ISSN:
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1090-9443
- Language:
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English
- Keywords:
- Pubs id:
-
997167
- UUID:
-
uuid:fa6343c1-b66e-4a2b-973d-2fa3ea46c63a
- Local pid:
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pubs:997167
- Deposit date:
-
2015-03-10
- ARK identifier:
Terms of use
- Copyright holder:
- University of Venice
- Copyright date:
- 2015
- Rights statement:
- © 2015 University of Venice. Published by Elsevier Ltd. All rights reserved.
- Notes:
- This is the accepted manuscript version of the article. The final version is available online from Elsevier at https://dx.doi.org/10.1016/j.rie.2015.02.004
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