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

Types and classification of law, Types and Classification of Law: Rule...

Types and Classification of Law: Rules of law may be classified as like;: For Written For National and International For Public and Private For Substantive

Determine the areas of open method of coordination, Determine the areas of ...

Determine the areas of open method of coordination The EU has indicated its intention to employ the OMC, but so far there is little evidence of progress. These areas include E

State the term - policy coordination, Policy coordination Policy coord...

Policy coordination Policy coordination occurs when countries agree to pursue policies intended to promote the welfare of all nations involved in the agreement. Spillover effe

Contracts illegal at the common law, Contracts illegal at the common law ...

Contracts illegal at the common law However a contract which is prohibited through the common law is frequently described as being as "contrary to public policy" as i.e. the c

Purpose of the rule - statutory provisions, Purpose of the rule: It ha...

Purpose of the rule: It has been stated by various English judges that without the rule in Foss v Harbottle (i)            There would be futile actions.  A court order

Criminal-justice system, Models for a criminal-justice system based on an e...

Models for a criminal-justice system based on an ethos of rehabilitation and reintegration ... have been regarded as idealistic but unworkable in the real world, except perhaps in

Discuss the trial period in a contract of employment, Question 1: "Le C...

Question 1: "Le Coco" is a well known hotel located on the north coast of Mauritius. Mr. B, a client of "Le Coco" hotel, was injured after a short heated argument with another

Consideration - element of contract, Consideration - Element of Contract ...

Consideration - Element of Contract Just to an agreement to constitute a contract the common law of the England then adopted in the US, requires such, must be supported with c

Determine the name of tort, Patrick works in the same office as Marian...

Patrick works in the same office as Marian and they do not work well together. One day, Marian got credit for a job well done and Patrick got angry over it. He walked int

Critically analyze the steps while dealing ethical dilemma, Question: a...

Question: a. An Ethical dilemma is a complex situation that often involves an apparent mental conflict between moral imperatives, in which to obey one would result in transgre

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