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This paper examines a model of multijurisdiction formation where individuals' characteristics are uniformly distributed over a finite interval. Every jurisdiction locates a public facility and distributes its cost equally among the residents. We consider the notions of Nash and local Nash...
Persistent link: https://www.econbiz.de/10005143331
Arrow's "impossibility" and similar classical theorems are usually proved for an unrestricted domain of preference profiles. Recent work extends Arrow's theorem to various restricted but "saturating" domains of privately oriented, continuous, (strictly) convex, and (strictly) monotone "economic...
Persistent link: https://www.econbiz.de/10005305325
Persistent link: https://www.econbiz.de/10010596789
In this paper, we show how to incorporate weight of evidence, or ambiguity, into a model of voting behavior. We do so in the context of the turnout decision of instrumentally rational voters who differ in their perception of the ambiguity of the candidates' policy positions. Ambiguity is...
Persistent link: https://www.econbiz.de/10005215844