Showing 1 - 10 of 198
This paper uses the Hotelling-Downs spatial model of electoral competition between candidates to explore competition between political parties. Two parties choose platforms in a unidimensional policy space, and then in a continuum of constituencies with different median voters candidates from...
Persistent link: https://www.econbiz.de/10005032224
Participants of dynamic competition games may prefer to play with the rules of the game by systematically withholding effort in the beginning. Such behavior is referred to as sandbagging. I consider a two-period con- test between heterogeneous players and analyze potential sandbagging of...
Persistent link: https://www.econbiz.de/10010312971
This paper uses the Hotelling-Downs spatial model of electoral competition between candidates to explore competition between political parties. Two parties choose platforms in a unidimensional policy space, and then in a continuum of constituencies with different median voters candidates from...
Persistent link: https://www.econbiz.de/10010263106
In their seminal paper, Harrington and Hess (1996) discuss a model where candidates differ along two dimensions - ideology which is modeled by the standard Hotelling-Downs formulation and valence factors which encompass traits which all voters agree as desirable. While valence factor is given,...
Persistent link: https://www.econbiz.de/10010263130
In their seminal paper, Harrington and Hess (1996) discuss a model where candidates differ along two dimensions - ideology which is modeled by the standard Hotelling-Downs formulation and valence factors which encompass traits which all voters agree as desirable. While valence factor is given,...
Persistent link: https://www.econbiz.de/10004968339
Participants of dynamic competition games may prefer to play with the rules of the game by systematically withholding e¤ort in the beginning. Such behavior is referred to as sandbagging. I consider a two-period con- test between heterogeneous players and analyze potential sandbagging of...
Persistent link: https://www.econbiz.de/10009393201
In a sequencing problem with linear time cost, Suijs (1996) proved that it is possible to achieve first best. By first best we mean that one can find mechanisms that satisfy efficiency of decision, dominant strategy incentive compatibility and budget balancedness. In this paper we show that...
Persistent link: https://www.econbiz.de/10010317633
In this paper we analyze sequencing situations under incomplete information where agents have interdependent costs. We first argue why Vickrey-Clarke-Groves (or VCG) mechanism fails to implement a simple sequencing problem in dominant strategies. Given this impossibility, we try to implement...
Persistent link: https://www.econbiz.de/10010317646
We examine a strategic-choice handicap model in which males send costly signals to advertise their quality to females. Females are concerned with the net viability of the male with whom they mate, where net viability is a function of the male's quality and signal. We identify circumstances in...
Persistent link: https://www.econbiz.de/10010317667
In mechanism design problems under incomplete information, it is generally difficult to find decision problems that are first best implementable. A decision problem under incomplete information is first best implementable if there exists a mechanism that extracts the private information and...
Persistent link: https://www.econbiz.de/10010317674