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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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Publisher copy:
10.1016/j.rie.2015.02.004

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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Role:
Author


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:
1090-9443


Language:
English
Keywords:
Pubs id:
997167
UUID:
uuid:fa6343c1-b66e-4a2b-973d-2fa3ea46c63a
Local pid:
pubs:997167
Deposit date:
2015-03-10
ARK identifier:

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