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Equilibrium in fiscal choices: Evidence from a budget game
Authors:Piervincenzo Bondonio  Carla Marchese
Institution:1. Department of Economics, University of Turin, via S. Ottavio 20, I-10124, Turin
Abstract:This is an applied study about the stability of collective decision-making in fiscal matters and the features of individual preferences which are sufficient to reach a social ordering. It is based on data about citizens' preferences collected through a budget game played by a sample of voters in Turin, a large Italian city. By simulating a series of individual choices, a social ordering of the municipal budget items is arrived at. The role played by restricted (i.e., single-peaked, single-caved etc.) preferences to avoid cycles in choice simulations is then assessed.
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