Define the strategic voting and policy process, Business Law and Ethics

Assignment Help:

Define the Strategic Voting and Policy Process

Now we take up an important issue with respect to policy process. In standard models, where a single vote is taken directly as revelation of preference on a policy agenda, we say the policy outcome is the result of sincere vote. There are situations where, one voter is not free to reveal his own preferences but to vote in such a manner which maximizes his welfare. This is now standard result in the theory of delegation. In this theory, an individual delegates a decision to someone with preferences other than his own. This is an important issue because it helps clarify certain issues in the problem of time inconsistency and policy coordination - both at national as well as international levels. In models of voting this way of revelation of preference is known as strategic voting.

 


Related Discussions:- Define the strategic voting and policy process

Obiter dictum, Obiter Dictum Thus now  "by the way" statement made t...

Obiter Dictum Thus now  "by the way" statement made through a judge before delivering his judgement within  a view to  strengthening or re-enforcing his reasons to the decis

A contract of employment or a procedure agreement, QUESTION 1 Write in ...

QUESTION 1 Write in detail on the following (a) Agency shop orders and (b) Decrease from the remuneration of a worker for the employer's benefit QUESTION 2 An indust

Directors liability, Directors liability: This was fraudulent preferen...

Directors liability: This was fraudulent preference and the bank must repay the sums received. The directors' liability under their guarantee to the bank then revived. A paym

Describe the difference between liquidation and receivership, Question 1 ...

Question 1 The doctrine laid down in Salomon v Salomon & Co. Ltd has to be watched very carefully. The Courts can and often do draw aside the veil. Discuss. Question 2

Electrical wiring and ventilation, A team of players from a Singapore-based...

A team of players from a Singapore-based university was planning a trip to Cameron Highlands, where an exhibition on the history of tea, the process of growing, harvesting and proc

Describe about a trade union, Question 1: (a) Describe about a Trade Un...

Question 1: (a) Describe about a Trade Union. (b) Show the objectives of the Trade Union in the Republic of Mauritius. Justify your answer. (c) If you were nominated as

Qualifications of advocates, Qualifications of Advocates Conversely fo...

Qualifications of Advocates Conversely for qualify to admission as an advocate one must as; Be a US citizen or can say Possess a law degree from a recognized

Public law and private law, Public Law: Whether it contain of those fi...

Public Law: Whether it contain of those fields or branches of law  where such the state has an interest as the sovereign egg criminal law, administrative law, constitutional l

Benefits of non-accepting shareholders, Benefits of non-accepting sharehold...

Benefits of non-accepting shareholders: The minority whose shares are acquired compulsory under s.210 are entitled to all the benefits included in the original offer and accep

State the principle of absolute immunity, Explain the principle of absolute...

Explain the principle of absolute immunity The absolute immunity principle gradually eroded and restrictive immunity approach was followed. However, many developing countries r

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd