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Vote or Shout

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  • Chakravarty, Surajeet
  • Kaplan, Todd R

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.

Suggested Citation

  • Chakravarty, Surajeet & Kaplan, Todd R, 2010. "Vote or Shout," MPRA Paper 22122, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:22122
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    References listed on IDEAS

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    1. Timothy Feddersen & Wolfgang Pesendorfer, 1997. "Voting Behavior and Information Aggregation in Elections with Private Information," Econometrica, Econometric Society, vol. 65(5), pages 1029-1058, September.
    2. Krishna, Vijay, 2009. "Auction Theory," Elsevier Monographs, Elsevier, edition 2, number 9780123745071.
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    4. Yeon-Koo Che & Ian L. Gale, 2008. "Caps on Political Lobbying," Springer Books, in: Roger D. Congleton & Kai A. Konrad & Arye L. Hillman (ed.), 40 Years of Research on Rent Seeking 2, pages 337-345, Springer.
    5. Mueller,Dennis C., 2003. "Public Choice III," Cambridge Books, Cambridge University Press, number 9780521894753, October.
    6. Austen-Smith, David & Banks, Jeffrey S., 1996. "Information Aggregation, Rationality, and the Condorcet Jury Theorem," American Political Science Review, Cambridge University Press, vol. 90(1), pages 34-45, March.
    7. Tilman Borgers, 2004. "Costly Voting," American Economic Review, American Economic Association, vol. 94(1), pages 57-66, March.
    8. Chakravarty, Surajeet & Kaplan, Todd R., 2013. "Optimal allocation without transfer payments," Games and Economic Behavior, Elsevier, vol. 77(1), pages 1-20.
    9. ., 1998. "Weighted Voting in the US," Chapters, in: The Measurement of Voting Power, chapter 4, Edward Elgar Publishing.
    10. Gordon Tullock, 1998. "on voting," Books, Edward Elgar Publishing, number 1348.
    11. Todd R. Kaplan & David Wettstein, 2006. "Caps on Political Lobbying: Comment," American Economic Review, American Economic Association, vol. 96(4), pages 1351-1354, September.
    12. Feddersen, Timothy J & Pesendorfer, Wolfgang, 1996. "The Swing Voter's Curse," American Economic Review, American Economic Association, vol. 86(3), pages 408-424, June.
    13. Eddie Dekel & Matthew O. Jackson & Asher Wolinsky, 2008. "Vote Buying: General Elections," Journal of Political Economy, University of Chicago Press, vol. 116(2), pages 351-380, April.
    14. Chakravarty, Surajeet & Kaplan, Todd R & Myles, Gareth, 2010. "The Benefits of Costly Voting," MPRA Paper 21372, University Library of Munich, Germany.
    15. ., 1998. "Weighted Voting in the CMEC," Chapters, in: The Measurement of Voting Power, chapter 5, Edward Elgar Publishing.
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    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. When voting is not optimal
      by Economic Logician in Economic Logic on 2010-05-25 19:41:00

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    Cited by:

    1. Chakravarty, Surajeet & Kaplan, Todd R. & Myles, Gareth, 2018. "When costly voting is beneficial," Journal of Public Economics, Elsevier, vol. 167(C), pages 33-42.

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    More about this item

    Keywords

    majority voting; voting procedures; social efficiency;
    All these keywords.

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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