Literature DB >> 29062161

The Relationship Between the Normalized Gradient Addition Mechanism and Quadratic Voting.

Daniel Benjamin1, Ori Heffetz2, Miles Kimball3, Derek Lougee4.   

Abstract

Quadratic Voting and the Normalized Gradient Addition mechanism are both social choice mechanisms that confront individuals with quadratic budget constraints, but they are applicable in different contexts. Adapting one or both to apply to the same context, this paper explores the relationship between these two mechanisms in three contexts: marginal adjustments of continuous policies, simultaneous voting on many public choices, and voting on a single public choice accompanied by private monetary consequences. In the process, we provide some formal analysis of Quadratic Voting when (instead of money) votes are paid for with abstract tokens that are equally distributed by the mechanism designer.

Entities:  

Keywords:  Normalized Gradient Addition Mechanism; Public Goods; Quadratic Voting

Year:  2017        PMID: 29062161      PMCID: PMC5649642          DOI: 10.1007/s11127-017-0414-3

Source DB:  PubMed          Journal:  Public Choice        ISSN: 0048-5829


  4 in total

1.  Aggregating Local Preferences to Guide Marginal Policy Adjustments.

Authors:  Daniel J Benjamin; Ori Heffetz; Miles S Kimball; Nichole Szembrot
Journal:  Am Econ Rev       Date:  2013-05

2.  Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference.

Authors:  Daniel J Benjamin; Miles S Kimball; Ori Heffetz; Nichole Szembrot
Journal:  Am Econ Rev       Date:  2014-09

3.  THE OREGON HEALTH INSURANCE EXPERIMENT: EVIDENCE FROM THE FIRST YEAR.

Authors:  Amy Finkelstein; Sarah Taubman; Bill Wright; Mira Bernstein; Jonathan Gruber; Joseph P Newhouse; Heidi Allen; Katherine Baicker
Journal:  Q J Econ       Date:  2012-05-03

4.  Neighborhood effects on the long-term well-being of low-income adults.

Authors:  Jens Ludwig; Greg J Duncan; Lisa A Gennetian; Lawrence F Katz; Ronald C Kessler; Jeffrey R Kling; Lisa Sanbonmatsu
Journal:  Science       Date:  2012-09-21       Impact factor: 47.728

  4 in total

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