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We use the Banzhaf power index to compare the voting power induced by a simple popular vote and that induced by a uniform electoral college system in which the nation's population is partitioned into "states" of equal size for election purposes. While the adoption of uniform representation would...
Persistent link: https://www.econbiz.de/10005196501
A game in strategic form is strict dominance solvable if iterative elimination of strictly dominated strategies yields a unique strategy profile (strict dominance solution). Textbook presentations of this material are framed in the context of finite games and it is argued that if a strict...
Persistent link: https://www.econbiz.de/10008562818
We use the Banzhaf power index to compare the voting power induced by a simple popular vote and that induced by a uniform electoral college system in which the nation's population is partitioned into "states" of equal size for election purposes. While the adoption of uniform representation would...
Persistent link: https://www.econbiz.de/10010630061
Economic agents may sometimes find themselves in circumstances in which they are effectively endowed with preferences that place a priority on first meeting specific "acceptability standards" before attention can be placed on optimizing their "aspirational objective." We introduce the notion of...
Persistent link: https://www.econbiz.de/10010631618