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pas on vote buying, linear vote buying is bad according to the same theory that predicts QV is good. The only equilibrium under linear vote buying is that the
by glenweyl 11y ago
pas on vote buying, linear vote buying is bad according to the same theory that predicts QV is good. The only equilibrium under linear vote buying is that the single most intense (or wealthiest) individual has her way at everyone else's expense. This intuition seems to underly much of the discussion here, but only applies when vote buying is linear. The logic, as cwp pointed out, is Tullock's. So while QV is much better than 1-person-1-vote, linear vote buying is worse than either.
- nullc 11y agoThis is assuming that quadratic voting isn't really linear voting. Participants in a process like this aren't "honest" they can't be counted on to follow the rules. In a QV system one can bypass the quadratic penalty by buying people's votes directly for a small premium.
- glenweyl 11y agoLook above; I address this extensively in the paper.
- ericposner 11y agoThink how hard this would be in real life, plus it's illegal to buy votes, and impossible given the secret ballot.