EconPapers    
Economics at your fingertips  
 

The Virtuous Cycle of Agreement

Philippos Louis, Matias Nuñez and Dimitrios Xefteris

Post-Print from HAL

Abstract: Collective choice mechanisms are used by groups to reach decisions in the presence of diverging preferences. But can the employed mechanism affect the degree of post-decision actual agreement (i.e. preference homogeneity) within a group? And if so, which are the features of the choice mechanisms that matter? Since it is difficult to address these questions in natural settings, we employ a theory-driven experiment where, after the group collectively decides on an issue, individual preferences can be properly elicited. We find that decision mechanisms that promote consensual behaviour generate substantially higher levels of post-decision actual agreement compared to outcome-wise identical procedures that incentivize subjects to exaggerate their differences.

Date: 2021-07-08
New Economics Papers: this item is included in nep-cdm, nep-dcm and nep-exp
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03324190v1
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in The Economic Journal, 2021, 132 (641), pp.326-360. ⟨10.1093/ej/ueab057⟩

Downloads: (external link)
https://shs.hal.science/halshs-03324190v1/document (application/pdf)

Related works:
Journal Article: The Virtuous Cycle of Agreement (2022) Downloads
Working Paper: The Virtuous Cycle of Agreement (2019) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-03324190

DOI: 10.1093/ej/ueab057

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2025-03-24
Handle: RePEc:hal:journl:halshs-03324190