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Voting behavior and information aggregation in elections with private information

Article Abstract:

An analysis of voter behavior in the presence of private information reveals that the number of voters using private information as a basis of making choices is inversely proportional to the size of the electorate. The study also reveals that the effectivity of election mechanisms are dependent on the kind of information environment present. Factors determining the information environment such as nomination, campaigns, polls, etc. and the rules concerning these factors should be taken into account in the formulation of further studies.

Author: Pesendorfer, Wolfgang, Feddersen, Timothy
Publisher: Blackwell Publishers Ltd.
Publication Name: Econometrica
Subject: Mathematics
ISSN: 0012-9682
Year: 1997
Elections, Voting research

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The Noah's ark problem

Article Abstract:

An interesting application of the biodiversity preservation model in project ranking is presented. The biodiversity preservation model is a useful project optimization tool since it efficiently allocates scarce public funds to priority social projects. The key to the effectiveness of the model lies in the identification of the distinctiveness of the project, the value of the project in terms of its social returns, the survival potential of the project and the cost terms associated with the project's survival.

Author: Weitzman, Martin L.
Publisher: Blackwell Publishers Ltd.
Publication Name: Econometrica
Subject: Mathematics
ISSN: 0012-9682
Year: 1998
Economics, Project management systems, Project management software, Biometric research

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Social distance and social decisions

Article Abstract:

An model of social distance reveals that social decisions are based on initial assumptions that the social position of others are fixed. The study also reveals that social distance is directly related to social decision wherin the first determines the second and that class position may play an important role in the formulation of social decisions.

Author: Akerlof, George A.
Publisher: Blackwell Publishers Ltd.
Publication Name: Econometrica
Subject: Mathematics
ISSN: 0012-9682
Year: 1997
Social aspects, Education, Urban economics, Social science research, Interpersonal relations, Social classes, Social class, Social movements, Social interaction, Social distance

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Subjects list: Analysis, Reports, Models
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