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This paper examines the role of the revelation principle in common agency games. We show how the introduction of a separability condition on the preferences of the agent is sufficient for the revelation principle to hold. Therefore, it is still possible to restrict attention to direct mechanisms...
Persistent link: https://www.econbiz.de/10005008539
This paper examines the role of direct mechanisms in common agency games. We focus on deterministic contracts and show how the introduction of a separability condition on the preferences of the agent is sufficient for the Revelation Principle to hold when finite games with generic payoffs are...
Persistent link: https://www.econbiz.de/10005308011
Persistent link: https://www.econbiz.de/10007968339
Persistent link: https://www.econbiz.de/10007968524
We study the consequences of positive correlation of beliefs in the design of voting rules in a model with an arbitrary number of voters. We propose a notion of positive correlation, based on the likelihood of agreement of the k best alternatives (for any k) of two orders called TS correlation....
Persistent link: https://www.econbiz.de/10010933554
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We analyze a psychologically-based model of voter turnout. Potential voters experience regret if they fail to vote, which is the motivation for participation in voting. Regret from abstention is inversely related to the margin of victory. Voters on the winner's side experience less regret than...
Persistent link: https://www.econbiz.de/10005790460
We study strategic voting after weakening the notion of strategy-proofness to Ordinal Bayesian Incentive Compatibility (OBIC). Under OBIC, truth-telling is required to maximize the expected utility of every voter, expected utility being computed with respect to the voter's prior beliefs and...
Persistent link: https://www.econbiz.de/10005130115
We analyze a psychologically based model of voter turnout. Potential voters experience regret if they fail to vote, which is the motivation for participation in voting. Regret from abstention is inversely related to the margin of victory. Voters on the winner's side experience less regret than...
Persistent link: https://www.econbiz.de/10008670696
Persistent link: https://www.econbiz.de/10005364738