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Game-theoretic and statistical models have emphasized the desirable information aggregation properties of large elections. However, such models do not explain why voters choose to acquire costly information. In this paper we use an ethical voter model to endogenize the decision to acquire...
Persistent link: https://www.econbiz.de/10010698784
In this paper we present a structural approach to the study of government formation in multi-party parliamentary democracies. The approach is based on the estimation of a stochastic bargaining model which we use to investigate the effects of specific institutional features of parliamentary...
Persistent link: https://www.econbiz.de/10010990837
We experimentally test competing theories of three-player majoritarian bargaining models with fixed, known disagreement values. Subjects are randomly assigned to three roles: a proposer and two types of voters. Each role is randomly assigned a disagreement value, i.e. a given amount of money...
Persistent link: https://www.econbiz.de/10010698773