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Logrolling and Budget Allocation Games

Martin Shubik and Ludo Van der Heyden

No 445, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: In this paper we approach the concept of logrolling by examining a voting system where choices are made among sets of competing projects as a game in characteristic function form. We translate the question: "Will there be prices for votes on different projects which clear the market?" into a different, but equivalent question: "Is the formal game we have described a market game?" We show that in general the answer is no, unless all voters have virtually the same preferences.

Date: 1977
Note: CFP 482.
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Published in International Journal of Game Theory (1978), 7(3/4): 151-162

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