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Uncertainty, polarization, and proposal incentives under quadratic voting

Author

Listed:
  • John W. Patty

    (University of Chicago)

  • Elizabeth Maggie Penn

    (University of Chicago)

Abstract

We consider the quadratic voting mechanism (Lalley and Weyl in Quadratic voting. Working paper, University of Chicago, 2015; Weyl in The robustness of quadratic voting. Working paper, University of Chicago, 2015) and focus on the incentives it provides individuals deciding what proposals or candidates to put up for a vote. The incentive compatibility of quadratic voting rests upon the assumption that individuals value the money used to buy votes, while the budget balance/efficiency of the mechanism requires that the money spent by one voter by redistributed among the other voters. From these assumptions, we show that it follows that strategic proposers will have an incentive to offer proposals with greater uncertainty about individual values. Similarly, we show that, in an electoral setting, quadratic voting provides an incentive to propose candidates with polarized, non-convergent platforms.

Suggested Citation

  • John W. Patty & Elizabeth Maggie Penn, 2017. "Uncertainty, polarization, and proposal incentives under quadratic voting," Public Choice, Springer, vol. 172(1), pages 109-124, July.
    • Handle: RePEc:kap:pubcho:v:172:y:2017:i:1:d:10.1007_s11127-017-0406-3
    DOI: 10.1007/s11127-017-0406-3
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    References listed on IDEAS

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    Cited by:

    1. Razvan Vlaicu, 2018. "Inequality, participation, and polarization," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 50(4), pages 597-624, April.
    2. Jon X. Eguia & Dimitrios Xefteris, 2021. "Implementation by Vote-Buying Mechanisms," American Economic Review, American Economic Association, vol. 111(9), pages 2811-2828, September.

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