Showing 1 - 10 of 278
"Our focus in this paper is with the transaction costs inherent in most decision making settings. We specifically investigate an "institution free" collective choice mechanism that includes costs to calling votes. A set of models show that under low costs (i.e., where no cost-induced equilibrium...
Persistent link: https://www.econbiz.de/10009468404
ofinternational trade theory. Focusing on general equilibrium frameworks stems from the insight that economicinternationalisation in … market issues established by human capital theory with the general equilibrium-leddebate on trade and the functional … ofinternational trade theory. Focusing on general equilibrium frameworks stems from the insight that economicinternationalisation in …
Persistent link: https://www.econbiz.de/10009471731
Persistent link: https://www.econbiz.de/10009449712
In this paper, we study committee decision making process using game theory. By a committee, we mean any group of … people who have to pick one option from a given set of alternatives. A well defined voting rule is specified by which the …
Persistent link: https://www.econbiz.de/10009430933
endogenously via a democratic voting process. The focus is on two public spending categories: productive government expenditure …
Persistent link: https://www.econbiz.de/10009476199
In this paper we examine the dynamics of the link between inequality and inflation from a political economy perspective. We consider a simple dynamic general equilibrium model in which agents vote over the desired inflation rate in each period, and inequality is persistent. Inflation in our...
Persistent link: https://www.econbiz.de/10009483530
the use of their resource stock via a voting mechanism. Then, the impact of opening to trade is linked to the choice of …
Persistent link: https://www.econbiz.de/10009450725
Estudiamos cómo afecta el sistema electoral a la presencia de mujeres en política usando un modelo en el que tanto los votantes como los partidos pueden tener un sesgo de género. Aplicamos el modelo a las elecciones municipales españolas, en las que, según la ley, los municipios utilizan...
Persistent link: https://www.econbiz.de/10012532196
Research has repeatedly shown that when groups whose members have varying expertise are combined to make a decision, they tend to discuss common information at a higher rate than unique information, hindering their ability to make the best decision. In response to these findings and the fact...
Persistent link: https://www.econbiz.de/10009474987