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

Compulsory winding up, Compulsory winding up: At the hearing other cre...

Compulsory winding up: At the hearing other creditors of the company may oppose the petition.  If so, the court is likely to decide in favour of those to whom the larger amoun

#title.writhe some stetment about morality of iinternationa, writhe some s...

writhe some stetment about morality of international context

What is legislative lobbying, What is Legislative Lobbying Lobbying, if...

What is Legislative Lobbying Lobbying, if comes after elections, may take place either by contribution (to be used in future) or by inducting some strategic information to affe

What are the rights and duties of an agent, Question 1 What are the rig...

Question 1 What are the rights and duties of an agent? Question 2 (a) What is the significance of the passing of property i) where the contract is an agreement to se

Determine the concept of credibility, Determine the concept of credibility ...

Determine the concept of credibility Let us make it clear that credibility of a policy and that of a policy maker are two different things. Institutional constraints may make a

Determine the focal point for coordination, Determine the focal point for c...

Determine the focal point for coordination The focal point for coordination is point C, which is the unique symmetrical Pareto efficient outcome. Compared to this outcome the N

Explain the elements of governmental authority, Explain the elements of gov...

Explain the elements of governmental authority The theme of these draft laws is mentioned in Article 1, which says that every internationally wrongful act of a State entails th

What are the features of the omc process, What are the features of the OMC ...

What are the features of the OMC process Participation is also seen as a central feature of the OMC process, especially if it is to be extended beyond 'top-down' to encompass '

Manage the currency risks using the futures contract, Question 1: (a) "...

Question 1: (a) "A tourist resort which does business in a single currency is not exposed to currency risk." Discuss (use example to support your answer). (b) Case: Hedging

Explain the types of jurisdictions in a state, Types of jurisdictions in a ...

Types of jurisdictions in a state Domestically, there are two types of jurisdictions in a state namely the civil jurisdiction and the criminal jurisdiction. The former relates

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