Vote or Shout

Surajeet Chakravarty and Todd Kaplan

MPRA Paper from University Library of Munich, Germany

Abstract: We examine an environment with n voters each with a private value over two alternatives. We compare the social surplus of two mechanisms for deciding between them: majority voting and shouting. In majority voting, the choice with the most votes wins. With shouting, the voter who shouts the loudest (sends the costliest wasteful signal) chooses the outcome. We find that it is optimal to use voting in the case where n is large and value for each particular alternative of the voters is bounded. For other cases, the superior mechanism is depends upon the order statistics of the distribution of values.

Keywords: majority voting; voting procedures; social efficiency (search for similar items in EconPapers)
JEL-codes: C70 D72 (search for similar items in EconPapers)
Date: 2010-04-14
New Economics Papers: this item is included in nep-cdm, nep-gth and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Vote or Shout (2010)
Working Paper: Vote or Shout (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:22122

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