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Persistent link: https://www.econbiz.de/10005515246
Traditional power indices are not suited to take account of explicit preferences, strategic interaction, and particular decision procedures. This paper studies a new way to measure decision power, based on fully specified spatial preferences and strategic interaction in an explicit voting game...
Persistent link: https://www.econbiz.de/10005515320
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The indirect evolutionary approach integrates forward-looking evaluation of opportunities and adaptation in the light of the past. Subjective motivation determines behaviour, but long-run evolutionary success of motivational types depends on objective factors only. This can justify intrinsic...
Persistent link: https://www.econbiz.de/10005393268
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This paper proposes a unified framework that integrates the traditional index-based approach and the competing non-cooperative approach to power analysis. It rests on a quantifiable notion of ex post power as the (counter-factual) sensitivity of the expected or observed outcome to individual...
Persistent link: https://www.econbiz.de/10011135404
This article replies to the claim that preference-based power indices are impossible and that preferences should be ignored when assessing actors’ influence in different interactions (Braham and Holler [2005] ‘The Impossibility of a Preference-based Power Index’, Journal of...
Persistent link: https://www.econbiz.de/10011135458
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Can fiscal policy raise utility for all in dynamic economies with unobservable agent heterogeneity, when missing credit and insurance markets affect incentives to invest in human capital? If so, should the state provide transfers to the poor in the form of cash or in kind? In an occupational...
Persistent link: https://www.econbiz.de/10011163910
We investigate experimentally whether collective choice matters for individual attitudes to ambiguity. We consider a two-urn Ellsberg experiment: one urn offers a 45% chance of winning a fixed monetary prize, the other an ambiguous chance. Participants choose either individually or in groups of...
Persistent link: https://www.econbiz.de/10010887075