School of Economics and Finance
Queen Mary, University of London
Mile End Road, London E1 4NS
Institutional Affiliation: Queen Mary, University of London
NBER Working Papers and Publications
|June 2019||Runoff Elections in the Laboratory|
with Laurent Bouton, Jorge Gallego, Rebecca Morton: w25949
We study experimentally the properties of the majority runoff system and compare them to the ones of plurality rule, in the setup of a divided majority. Our focus is on Duverger's famous predictions that the plurality rule leads to a higher coordination of votes on a limited number of candidates than the majority runoff rule. Our experiments show that, in contradiction with Duverger's predictions, coordination forces are strong in majority runoff elections. We indeed observe similar levels of coordination under both rules, even when sincere voting is an equilibrium only under majority runoff. Our results suggest that the apparent desire to coordinate, and not vote sincerely, under the majority runoff rule is to some extent not rational. Finally, we find insignificant differences between ru...
|January 2016||Unanimous Rules in the Laboratory|
with Laurent Bouton, Frédéric Malherbe: w21943
We study the information aggregation properties of unanimous voting rules in the laboratory. In line with theoretical predictions, we find that majority rule with veto power dominates unanimity rule. We also find that the strategic voting model is a fairly good predictor of observed subject behavior. There are, however, cases where organizing the data seems to require a mix of strategic and sincere voting. This pattern of behavior would imply that the way majority rule with veto power is framed may significantly affect the outcome of the vote. Our data strongly supports such an hypothesis.
Published: Bouton, Laurent & Llorente-Saguer, Aniol & Malherbe, Frédéric, 2017. "Unanimous rules in the laboratory," Games and Economic Behavior, Elsevier, vol. 102(C), pages 179-198. citation courtesy of
|August 2014||Get Rid of Unanimity: The Superiority of Majority Rule with Veto Power|
with Laurent Bouton, Frédéric Malherbe: w20417
A group of agents wants to reform the status quo if and only if this is Pareto improving. Agents have private information and may have common or private objectives, which creates a tension between information aggregation and minority protection. We analyze a simple voting system - majority rule with veto power (Veto) - that essentially resolves this tension, for it combines the advantageous properties of both majority and unanimity rules. We argue that our results shed new light on the evolution of voting rules in the EU institutions and could help to inform debates about policy reforms in cases such as juries in the US.
Published: Laurent Bouton & Aniol Llorente-Saguer & Frédéric Malherbe, 2018. "Get Rid of Unanimity Rule: The Superiority of Majority Rules with Veto Power," Journal of Political Economy, vol 126(1), pages 107-149.
|August 2010||Competitive Equilibrium in Markets for Votes|
with Alessandra Casella, Thomas R. Palfrey: w16315
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 welfare losses, relative to simple majority voting, if the committee is large enough. We test the theoretical implications by implementing a competitive vote market in the laboratory using a continuous open-book multi-unit double auction.
Published: Alessandra Casella & Aniol Llorente-Saguer & Thomas R. Palfrey, 2012. "Competitive Equilibrium in Markets for Votes," Journal of Political Economy, University of Chicago Press, vol. 120(4), pages 593 - 658. citation courtesy of