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

Estate planning , Estate Planning Case Study Rich and his wife, Ruby, ...

Estate Planning Case Study Rich and his wife, Ruby, heard that you are an expert in the field of Estate Planning as a result of the superior education you received at WPU.  The

Trade unions - unincorporated associations, Trade Unions - Unincorporated A...

Trade Unions - Unincorporated Associations Therefore these are registered under S.11 of the Trade Unions Act 1952 into the primary object of regulating the relations between e

Sales of goods, when can implied condition can be treated as warrantee?

when can implied condition can be treated as warrantee?

Declaration and payment, Declaration and Payment: There is no provisio...

Declaration and Payment: There is no provision in the Act dealing with payment of dividends. It is therefore governed by the provisions of the company's articles, failing whic

What is the composition of the legislature, What is the composition of the ...

What is the composition of the legislature Given the composition of the legislature, the strategic voting, the possibility under which the policies and their economic outcomes

The employment rights act (eria) provides a prescribed form, QUESTION (...

QUESTION (a) Under the UTM Regulations, an unsatisfied student can entertain an academic appeal within 10 days from the date he gets his result. X gets his result on the 3rd of

Outline the main propositions of harts concept of law, Question 1: How ...

Question 1: How does Kelsen distinguish between the act of a gang of robbers and the act of a tax authority? Question 2: Referring to legal theorists you have studied,

Proposal to reduce the votes of preference shares, Proposal to reduce the v...

Proposal to reduce the votes of preference shares: In making this approach the courts have nonetheless kept the door open for action to deal with discrimination against a clas

When is an employer vicariously liable, When is an employer vicariously lia...

When is an employer vicariously liable? An employer is vicariously liable when: a. When Employer authorised. b. When unauthorised procedure utilized when executing an aut

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