Competitive Equilibrium in Markets for Votes
نویسندگان
چکیده
منابع مشابه
Nber Working Paper Series Competitive Equilibrium in Markets for Votes
We develop a competitive equilibrium theory of a market for votes. Before voting on a binary issue, individuals may buy and sell their votes with each other. We define the concept of Ex Ante Vote-Trading Equilibrium, identify weak sufficient conditions for existence, and construct one such equilibrium. We show that this equilibrium must always result in dictatorship and the market generates wel...
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 2012
ISSN: 0022-3808,1537-534X
DOI: 10.1086/667988