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Voting as a signaling device
Aytimur, R. Emre; Boukouras, Aristotelis; Schwager, Robert - 2012
characteristics to others. The model is one of rational voting and generates the following predictions: (i) The paradox of not voting … does not arise, because the benefit of voting does not vanish with population size. (ii) Turnout in elections is positively … related to the size of the local community and the importance of social interactions. (iii) Voting may exhibit bandwagon …
Persistent link: https://www.econbiz.de/10010280806
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The inter-institutional distribution of power in EU codecision
Napel, Stefan; Widgrén, Mika - 2004
indices, both institutions are assumed to act strategically. Predicted bargaining outcomes of the crucial Conciliation stage …
Persistent link: https://www.econbiz.de/10010261094
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Bargaining and Conflict with Up-Front Investments : How Power Asymmetries Matter
Schaller, Zachary - 2020
-contractible up-front investments to improve their bargaining position and gain advantage for possible future conflict. Bargaining is … are lower than under Bargaining when one player is much stronger than the other. Second, the probability of the stronger … player winning in Conflict is higher than the share received under Nash bargaining. We thus provide a rationale for conflict …
Persistent link: https://www.econbiz.de/10012843431
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Voting as a Signaling Device
Aytimur, R. Emre - 2012
characteristics to others. The model is one of rational voting and generates the following predictions: (i) The paradox of not voting … does not arise, because the benefit of voting does not vanish with population size. (ii) Turnout in elections is positively … related to the size of the local community and the importance of social interactions. (iii) Voting may exhibit bandwagon …
Persistent link: https://www.econbiz.de/10013111989
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A theory of government procrastination
Furusawa, Taiji; Lai, Edwin L.-C. - 2011
We present a theory to explain government procrastination as a consequence of its present-bias resulting from the political uncertainty in a two-party political system. We show that under a two-party political system the party in office tends to be present-biased. This may lead to inefficient...
Persistent link: https://www.econbiz.de/10010280644
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Kantian Optimization with Quasi-Hyperbolic Discounting
Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2022
We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal self acts in a way that they would like every future self to act. We introduce the notion of a Kantian policy as an outcome of Kantian optimization in a given class of policies. We...
Persistent link: https://www.econbiz.de/10013353402
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Norms and the Evolution of Leaders' Followership
Cabrales, Antonio; Hauk, Esther - 2022
In this paper we model the interaction between leaders, their followers and crowd followers in a coordination game with local interaction. The steady states of a dynamic best-response process can feature a coexistence of Pareto dominant and risk dominant actions in the population. The existence...
Persistent link: https://www.econbiz.de/10013353457
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Viable Nash Equilibria: An Experiment
Kim, Duk Gyoo; Min, Daehong; Wooders, John - 2022
This paper examines the usefulness of Kalai (2020)'s measure of the viability of Nash equilibrium. We experimentally … participating. We find that Kalai's measure captures well how the viability of the everyone-participates (eP) equilibrium depends on … equilibrium is played. …
Persistent link: https://www.econbiz.de/10013427699
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Super-Additive Cooperation
Efferson, Charles; Bernhard, Helen; Fischbacher, Urs; … - 2022
Repeated interactions provide a prominent but paradoxical hypothesis for human cooperation in one-shot interactions. Intergroup competitions provide a different hypothesis that is intuitively appealing but heterodox. We show that neither mechanism reliably supports the evolution of cooperation...
Persistent link: https://www.econbiz.de/10014290043
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Contesting Fake News
Rehsmann, Daniel; Roussillon, Béatrice; Schweinzer, Paul - 2023
We model competition on a credence market governed by an imperfect label, signaling high quality, as a rank-order tournament between firms. In this market interaction, asymmetric firms jointly and competitively control the underlying quality ranking's precision by releasing individual...
Persistent link: https://www.econbiz.de/10014377606