Network


Latest external collaboration on country level. Dive into details by clicking on the dots.

Hotspot


Dive into the research topics where Laurent Bouton is active.

Publication


Featured researches published by Laurent Bouton.


Econometrica | 2008

One person, Many Votes: Divided Majority and Information Aggregation

Laurent Bouton; Micael Castanheira

In elections, majority divisions pave the way to focal manipulations and coordination failures, which can lead to the victory of the wrong candidate. This paper shows how this flaw can be addressed if voter preferences over candidates are sensitive to information. We consider two potential sources of divisions: majority voters may have similar preferences but opposite information about the candidates, or opposite preferences. We show that when information is the source of majority divisions, Approval Voting features a unique equilibrium with full information and coordination equivalence. That is, it produces the same outcome as if both information and coordination problems could be resolved. Other electoral systems, such as Plurality and Two-Round elections, do not satisfy this equivalence. The second source of division is opposite preferences. Whenever the fraction of voters with such preferences is not too large, Approval Voting still satisfies full information and coordination equivalence.


Theoretical Economics | 2015

Majority runoff elections: strategic voting and Duverger's hypothesis

Laurent Bouton; Gabriele Gratton

The majority runoff system is widely used around the world. Yet, our understanding of its properties and of voters’ behavior is limited. In this paper, we fully characterize the set of strictly perfect voting equilibria in large three-candidate majority runoff elections. Considering all possible distributions of preference orderings and intensities, we prove that only two types of equilibria can exist. First, there are always equilibria in which only two candidates receive votes. Second, there may exist an equilibrium in which three candidates receive votes. Its characteristics challenge common beliefs: (i) neither sincere voting by all voters, nor push over tactics (i.e. supporters of the front-runner voting for a less-preferred candidate in order to influence who will face the front-runner in the second round) are supported in equilibrium, and (ii) the winner does not necessarily have democratic legitimacy since the Condorcet winner may not even participate in the second round.


Games and Economic Behavior | 2017

Multicandidate elections: Aggregate uncertainty in the laboratory

Laurent Bouton; Micael Castanheira; Aniol Llorente-Saguer

The rational-voter model is often criticized on the grounds that two of its central predictions (the paradox of voting and Duvergers Law) are at odds with reality. Recent theoretical advances suggest that these empirically unsound predictions might be an artifact of an (arguably unrealistic) assumption: the absence of aggregate uncertainty about the distribution of preferences in the electorate. In this paper, we propose direct empirical evidence of the effect of aggregate uncertainty in multicandidate elections. Adopting a theory-based experimental approach, we explore whether aggregate uncertainty indeed favors the emergence of non-Duvergers law equilibria in plurality elections. Our experimental results support the main theoretical predictions: sincere voting is a predominant strategy under aggregate uncertainty, whereas without aggregate uncertainty, voters massively coordinate their votes behind one candidate, who wins almost surely.


Games and Economic Behavior | 2017

Unanimous Rules in the Laboratory

Laurent Bouton; Aniol Llorente-Saguer; Frédéric Malherbe

We study the information aggregation properties of unanimous voting rules in the laboratory. In line with theoretical predictions, we find that majority rule with veto power dominates unanimity rule. We also find that the strategic voting model is a fairly good predictor of subject behavior. Finally, we exploit a framing effect to study how the presence of less sophisticated agents affects Vetos welfare properties.


Journal of Political Economy | 2018

Get Rid of Unanimity Rule: The Superiority of Majority Rules with Veto Power

Laurent Bouton; Aniol Llorente-Saguer; Frédéric Malherbe

We study unanimous decision making under incomplete information. We argue that unanimous decision rules are not all equivalent. We show that majority rules with veto power are (i) Pareto superior to commonly used unanimous rules and (ii) ex ante efficient in a broad class of situations.


Journal of Public Economics | 2016

Divided majority and information aggregation: Theory and experiment ☆

Laurent Bouton; Micael Castanheira; Aniol Llorente-Saguer


European Journal of Political Economy | 2008

Redistributing income under fiscal vertical imbalance

Laurent Bouton; Marjorie Gassner; Vincenzo Verardi


National Bureau of Economic Research | 2015

Get Rid of Unanimity: The Superiority of Majority Rule with Veto Power

Laurent Bouton; Aniol Llorente-Saguer; Frédéric Malherbe


National Bureau of Economic Research | 2013

Guns and Votes

Laurent Bouton; Paola Conconi; Francisco Pino; Maurizio Zanardi


National Bureau of Economic Research | 2011

Good rankings are bad - Why reliable rankings can hurt consumers

Laurent Bouton; Georg Kirchsteiger

Collaboration


Dive into the Laurent Bouton's collaboration.

Top Co-Authors

Avatar
Top Co-Authors

Avatar

Micael Castanheira

Université libre de Bruxelles

View shared research outputs
Top Co-Authors

Avatar
Top Co-Authors

Avatar

Francisco Pino

Université libre de Bruxelles

View shared research outputs
Top Co-Authors

Avatar

Paola Conconi

Université libre de Bruxelles

View shared research outputs
Top Co-Authors

Avatar
Top Co-Authors

Avatar
Top Co-Authors

Avatar

Marjorie Gassner

Université libre de Bruxelles

View shared research outputs
Top Co-Authors

Avatar
Top Co-Authors

Avatar

Gabriele Gratton

University of New South Wales

View shared research outputs
Researchain Logo
Decentralizing Knowledge