Why not "P1: C, P2: Y", which maximizes the sum of the two utilities, and is the optimal precommitment under the Rawlian veil-of-ignorance prior?
If we multiply player 2's utility function by 100, that shouldn't change anything because it is an affine transformation to a utility function. But then "P1: B, P2: Y" would maximize the sum. Adding values from different utility functions is a meaningless operation.
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I don't understand the title. You're talking about a reform to the democratic process, and you're comparing it with 'finance reform'. Those only seem tangentially related.