Showing 1 - 10 of 54
provision has on the bailout policies and argue that these policies can be subgame perfect equilibrium strategies …
Persistent link: https://www.econbiz.de/10012723725
coordination game has a unique symmetric non-sunspot equilibrium, which is also risk-dominant. Other equilibria can be ordered … signals may also cause sunspot-driven behavior, even though this is no equilibrium. The higher the correlation of signals and …
Persistent link: https://www.econbiz.de/10014174188
The nonexistence of equilibria in models of electoral competition involving multiple issues is one of the more puzzling results in political economics. In this paper, we relax the standard assumption that parties act as expected utility maximizers. We show that equilibria often exist when...
Persistent link: https://www.econbiz.de/10014194621
We study tax evasion and decentralized tax enforcement in a federal economy with mobile capital and the endogenous formation of multiregional companies. Regions use their enforcement policy as a strategic instrument to engage in fiscal competition. Within this framework, we analyze the...
Persistent link: https://www.econbiz.de/10014216579
for the existence of a zero-contribution equilibrium. Furthermore, we study how sensitive the main findings are to …
Persistent link: https://www.econbiz.de/10013142878
Customary law has been criticized from very different angles. Rational choice theorists claim that what looks like custom is nothing but self-interest. Positivists doubt that anything beyond consent assumes the force of law. In this paper, we adopt an experimental approach to test these claims....
Persistent link: https://www.econbiz.de/10014174189
We propose a new approach to the normative analysis of public-good provision. In addition to individual incentive compatibility, we impose conditions of robust implementability and coalition proofness. Under these additional conditions, participants' contributions can only depend on the level of...
Persistent link: https://www.econbiz.de/10014174190
Laboratory experiments by Fudenberg and Pathak (2010), and Vyrastekova, Funaki and Takeuch (2008) show that punishment is able to sustain cooperation in groups even when it is observed only in the end of the interaction sequence. Our results demonstrate that the real power of unobserved...
Persistent link: https://www.econbiz.de/10014174950
The paper, based on a historic account of the theory of representation in German legal thought, seeks to understand what effect particracy has on democratic representation and thereby links a discourse dating back to the days of the Weimar Republic to the analytical approach to the political...
Persistent link: https://www.econbiz.de/10014178121
The novel part of this paper is a model of the principle of proportionality, as the cornerstone of the doctrine of fundamental rights. German law, and with some modifications also the law of the European Community and the European Convention on Human Rights, do not categorically outlaw...
Persistent link: https://www.econbiz.de/10014186596