Vote trading

Vote trading

Vote trading is the practice of supporting someone else's initiative in exchange for their support of one's own initiative. It frequently takes place in legislative bodies. An example would be Congressman A voting for a dam in Congressman B's district in exchange for Congressman B's support for farm subsidies in Congressman A's district. [cite web|url=http://www.washingtonpost.com/wp-dyn/articles/A7241-2004Oct4.html|title=Vote-Trading Ethics|publisher=The Washington Post] One of the first examples of vote trading to occur in the United States was the Compromise of 1790, in which Thomas Jefferson made a deal with James Madison and Alexander Hamilton to move the capital from New York to a site along the Potomac (after a lengthy stay in Philadelphia) in exchange for federal assumption of debts incurred by the states in the Revolutionary War. [citation|title=Vote Trading in the First Federal Congress?: James Madison and the Compromise of 1790|author=Kiewiet, D. Roderick] There are many proposals to streamline the legislative vote trading process by creating a market brokered by party leaders in which members buy and sell votes at prices set by supply and demand. [cite web|url=http://www.springerlink.com/content/w40x621203xkl223/|title=Centralized vote-trading|author=Kenneth J. Koford|publisher=Springer Netherlands] Hindrances to vote trading in the U.S. Congress include its bicameral structure and the geographic representation basis of its members. Vote trading is encouraged, however, by Congress's relatively loose party discipline which facilitates policy cross-overs by individual congressmen, in sharp contrast to European countries. [cite book|title=The Political Economy of Rent-seeking|author=Rowley, Charles Kershaw and Tollison, Robert D.]

Corporate vote trading has been proposed as a way of improving corporate governance. [cite web|url=http://ideas.repec.org/p/fth/waslbp/9904.html|title=Corporate Vote-Trading as an Instrument of Corporate Governance|author=Neeman, Z. and Orosel, G.O.|date=1999] In this context, vote trading refers to borrowing shares of a stock in time to be the shareholder of record on the day of an important vote. [cite web|url=http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B3E0BF08B-F814-4A15-AAF5-6558FB7286E8%7D&siteid=google|title=Vote early, vote often|author=Hulbert, Mark|date=2006-03-31|publisher=MarketWatch]

Members of the electorate can also engage in a vote trading variant called vote pairing; an example is the strategic voting facilitated by VotePair in which third party supporters in swing states agree to vote for a more centrist major party candidate in exchange for citizens in "safe" states voting for the third party candidate. The idea is to defeat the spoiler effect. [cite web|url=http://www.votepair.org/howitworks.php|title=How It Works|publisher=VotePair]

Ethical considerations

"The Limits of Public Choice: A Sociological Critique of the Economic Theory" notes that vote trading is often considered immoral, since votes are to be determined on the basis of the merits of the question. It is viewed as being less serious an offense than bribery, although in some countries it is still unlawful. However, vote-trading can also be viewed as beneficial to democracy in that it makes it possible for minorities to exert some influence and thus alleviate the tyranny of the majority. In this way, vote-trading is similar to coalition-building, which also involves an exchange of policies and bargaining over cabinet positions in order to gain the parliamentary majority needed for approval of the entire program. [cite book|title=The Limits of Public Choice: A Sociological Critique of the Economic Theory|author=Udhen, Lars|pages=118-119]

ee also

*quid pro quo
*logrolling

References


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Trading while insolvent — is unlawful in a number of legal systems, and may result in the directors becoming personally liable for a company s assets. Under UK insolvency law trading once a company is legally insolvent can trigger several provisions of the Insolvency Act… …   Wikipedia

  • Horse trading — is, in the original sense, the buying and selling of horses, also called Horse Dealing . Due to the great difficulties of evaluating the merits or demerits of a horse offered for sale, the selling of horses offered great opportunities for… …   Wikipedia

  • New Zealand Emissions Trading Scheme — See also: Climate change in New Zealand The New Zealand Emissions Trading Scheme (NZ ETS) is a national all sectors all greenhouse gases all free allocation uncapped emissions trading scheme. The NZ ETS was first legislated in September 2008 by… …   Wikipedia

  • Donkey vote — Donkey voters vote the way candidates appear on the ballot paper. Sometimes the term donkey vote is incorrectly used to refer to an informal vote (submitting a blank or defaced ballot paper) although this use is not included in major dictionaries …   Wikipedia

  • Sunday Trading Act 1994 — The Sunday Trading Act 1994 is a UK law governing a shop s right to trade on a Sunday.Buying and selling on Sunday had been banned in the UK by the Shops Act 1950, but after the accession of the UK to the European Economic Community, the ban may… …   Wikipedia

  • Ralph Nader's presidential campaigns — Infobox Politician name = Ralph Nader birth date = birth date|1934|2|27|mf=y birth place = Winsted, Connecticut USA death date = death place = party = Independent Green Party (For 1996 2000 Presidential campaigns) relations = spouse = civil… …   Wikipedia

  • Tyranny of the majority — For the form of democracy, see Ochlocracy. For the Flesh Field album, see Tyranny of the Majority (album). The phrase tyranny of the majority (or tyranny of the masses ), used in discussing systems of democracy and majority rule, is a criticism… …   Wikipedia

  • Disfranchisement — (also called disenfranchisement) is the revocation of the right of suffrage (the right to vote) of a person or group of people, or rendering a person s vote less effective, or ineffective. Disfranchisement may occur explicitly through law, or… …   Wikipedia

  • Ron Paul — This article is about the man and his life in general. For details and news related to his ongoing 2012 presidential campaign, see Ron Paul presidential campaign, 2012. Ron Paul …   Wikipedia

  • Logrolling — is a colorful phrase that refers to trading favors, a synonym to quid pro quo , for instance to describe vote trading by legislative members to obtain passage of actions of interest to each legislative member. The term is also used for similar… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”