Showing 1 - 10 of 89
When voting takes place in democratic institutions, we find (either explicitly or implicitly) that there is an agenda setter or a formateur. Such players are uniquely able to make substantive proposals for given topics. Their statuses remain intact even after rejection of proposals, but they...
Persistent link: https://www.econbiz.de/10003315163
Multinomial logit is the canonical model of discrete choice but widely criticized for requiring functional form assumptions as foundation. The present paper shows that logit is behaviorally founded without such assumptions. Logit's functional form obtains if relative choice probabilities are...
Persistent link: https://www.econbiz.de/10011899245
Experimenters make theoretically irrelevant decisions concerning user interfaces and ordering or labeling of options. Reanalyzing dictator games, I first show that such decisions may drastically affect comparative statics and cause results to appear contradictory across experiments. This...
Persistent link: https://www.econbiz.de/10012432853
Persistent link: https://www.econbiz.de/10012590030
This paper analyzes strategic choice in p-beauty contests. We first show that it is not generally a best reply to guess the expected target value (accounting for the own weight) even in games with n2 players and that iterated best response sequences are not unique even after perfect/cautious...
Persistent link: https://www.econbiz.de/10015219931
This paper analyzes a T-stage model of oligopoly where firms build up capacity and conclude forward sales in stages tT, and they choose production quantities in t=T. We consider the case of n firms with asymmetric marginal costs. In the two-stage game, the set of outcomes is a...
Persistent link: https://www.econbiz.de/10015219994
We study games where voluntary contributions can be adjusted until a steady state is found. In consent games contributions start at zero and can be increased by consent, and in dissent games contributions start high and can be decreased by dissent. Equilibrium analysis predicts free riding in...
Persistent link: https://www.econbiz.de/10015221172
The paper analyzes econometric models of altruistic giving in dictator and public goods games. Using existing data sets, I evaluate internal and external validity of "atheoretic" regression models as well as structural models of random behavior, random coefficients, and random utility,...
Persistent link: https://www.econbiz.de/10015222565
In many industries, firms pre-order input and forward sell output prior to the actual production period. It is known that forward buying input induces a "Cournot-Stackelberg endogeneity" (both Cournot and Stackelberg outcomes may result in equilibrium) and forward selling output induces a...
Persistent link: https://www.econbiz.de/10015222868
In the proto-coalition model of government formation, formateur F appoints a proto-coalition and asks its members whether to start negotiating a coalition contract. If all accept, then the proto-coalition forms and starts negotiating; otherwise a caretaker government assumes office. I extend...
Persistent link: https://www.econbiz.de/10015223114