Cremer, Helmuth; Donder, Philippe De; Gahvari, Firouz - In: Advances in Economic Analysis & Policy 7 (2007) 1, pp. 1707-1707
with the "Party Unanimity Nash Equilibrium" (PUNE) as the equilibrium solution concept. Our economic model is calibrated on … the basis of the US data. The paper shows that while the majority-voting approach calls for a massive subsidy, the PUNE …