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Economics - Economic Theory | Social Choice and Strategic Decisions - Essays in Honor of Jeffrey S. Banks

Social Choice and Strategic Decisions

Essays in Honor of Jeffrey S. Banks

Austen-Smith, David, Duggan, John (Eds.)

2005, XVI, 320 p.

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  • About this book

Social choices, about expenditures on government programs, or about public policy more broadly, or indeed from any conceivable set of alternatives, are determined by politics. This book is a collection of essays that tie together the fields spanned by Jeffrey S. Banks` research on this subject. It examines the strategic aspects of political decision-making, including the choices of voters in committees, the positioning of candidates in electoral campaigns, and the behavior of parties in legislatures. The chapters of this book contribute to the theory of voting with incomplete information, to the literature on Downsian and probabilistic voting models of elections, to the theory of social choice in distributive environments, and to the theory of optimal dynamic decision-making. The essays employ a spectrum of research methods, from game-theoretic analysis, to empirical investigation, to experimental testing. In the manner of Jeffrey S. Banks` research, these pieces focus on fundamental social scientific issues, such as the welfare properties of voting systems, the existence and characterization of electroral equilibria, and the impact of parties on political processes.   

Content Level » Research

Keywords » Bargaining - Decision-Making - Elections - Game Theory - Government - Social Choice - Voting

Related subjects » Economic Theory - Game Theory / Mathematical Methods - Social Sciences

Table of contents 

and Overview.- Probabilistic Voting in the Spatial Model of Elections: The Theory of Office-motivated Candidates.- Local Political Equilibria.- Electoral Competition Between Two Candidates of Different Quality: The Effects of Candidate Ideology and Private Information.- Party Objectives in the “Divide a Dollar” Electoral Competition.- Generalized Bandit Problems.- The Banks Set and the Uncovered Set in Budget Allocation Problems.- Experiments in Majoritarian Bargaining.- Legislative Coalitions in a Bargaining Model with Externalities.- Testing Theories of Lawmaking.- Deliberation and Voting Rules.

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