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Optimal majorities for decisions of varying importance

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  • Bengt-Arne Wickström

Abstract

It is argued that the theory of the optimal majority for public decision making in its standard formulation is insufficient as a tool to analyze the relationship between different optimal majorities for different kinds of decisions. The theory is reformulated and conditions for optimal majorities for different types of decisions are derived. It is demonstrated how different properties of the sets of potential public projects influence the size of the optimal majority. It is shown that the commonly postulated property that important decisions require a larger majority than less important ones, critically depends on assumptions of risk aversion on the individuals choosing the optimal majority. This paper was written while the author, as an Alexander von Humboldt Research Fellow, was a guest of the Fakultät für Volkswirtschaftslehre und Statistik, Universität Mannheim. The author thanks the Alexander von Humboldt Foundation, the Fakultät, and Sonderforschungsbereich 5, Universität Mannheim, for their support. Copyright Martinus Nijhoff Publishers 1986

Suggested Citation

  • Bengt-Arne Wickström, 1986. "Optimal majorities for decisions of varying importance," Public Choice, Springer, vol. 48(3), pages 273-290, January.
    • Handle: RePEc:kap:pubcho:v:48:y:1986:i:3:p:273-290
    DOI: 10.1007/BF00051625
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