Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10010863887
Persistent link: https://www.econbiz.de/10010863898
Persistent link: https://www.econbiz.de/10010864468
Professor Tullock has raised a central question in the confrontation between abstract models of PMR and majority rule as practiced in real institutions. We believe the decision making stability of real-world legislatures lies in the way these legislatures institutionalize majority rule....
Persistent link: https://www.econbiz.de/10010988098
Persistent link: https://www.econbiz.de/10008596766
Persistent link: https://www.econbiz.de/10008596797
Spatial models of two-party or two-candidate competition almost never have pure-strategy Nash equilibria when the issue space has more than one dimension. This paper shows that the introduction of valence issues can create conditions where equilibria exist, even in a multidimensional setting. We...
Persistent link: https://www.econbiz.de/10005705693