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Economics

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University of Texas Rio Grande Valley

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2020

Dynamic Decision Making

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Political Design Meets Policy Complexity, Roland Pongou, Jean-Baptiste Tondji Mar 2020

Political Design Meets Policy Complexity, Roland Pongou, Jean-Baptiste Tondji

Economics and Finance Faculty Publications and Presentations

The rules that are employed to pass policies in legislative bodies vary widely. It is generally argued that policies that differ in complexity or importance level should be decided under different kinds of voting rules. While this question has been examined for static legislative mechanisms, an analysis of the precise relationship between the level of policy complexity and the type of voting rule is still missing for dynamic mechanisms. We address this problem from the perspective of a preference-blind political designer. Given the level of complexity of the decision that is to be made, the political designer's goal is to …