Unlocking Democratic Efficiency: How Coordinated Outcome-Contingent Promises Shape Decisions

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Tác giả: Ali Lazrak, Jianfeng Zhang

Ngôn ngữ: eng

Ký hiệu phân loại: 330 Economics

Thông tin xuất bản: 2023

Mô tả vật lý:

Bộ sưu tập: Metadata

ID: 196928

Comment: Previous title of this paper: Democratic Policy Decisions with Decentralized Promises Contingent on Vote OutcomeWe examine pre vote interactions in a committee that enacts a welfare-improving reform through voting in the presence of heterogeneous utilities. Committee members make decentralized, irrevocable promises of non negative transfers contingent on the vote outcome to influence others voting behavior. Equilibrium transfers ensure that no coalition can deviate in a coordinated manner that benefits all members while minimizing total transfers. We show that equilibria exist, are indeterminate, efficient, and involve transfers from high to low utility members. These transfers prevent reform opponents from persuading less enthusiastic supporters to vote against the reform.
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