Showing 1 - 9 of 9
In Conflict Resolution situations where two parties with opposed preferences need to make a number of decisions simultaneously,we propose a simple mechanism that endows agents with a certain number of votes that can be distributed freely across issues. Its novelty, and appeal, is that it allows...
Persistent link: https://www.econbiz.de/10009439681
In Conflict Resolution situations where two parties with opposed preferences need to make a number of decisions simultaneously, we propose a simple mechanism that endows agents with a certain number of votes that can be distributed freely across issues. This mechanism allows parties to trade off...
Persistent link: https://www.econbiz.de/10009440508
We present an experiment in which extrinsic information (signals) may generate sunspot equilibria. The underlying coordination game has a unique symmetric non-sunspot equilibrium, which is also risk-dominant. Other equilibria can be ordered according to risk dominance. We compare treatments with...
Persistent link: https://www.econbiz.de/10009467132
A well-known theoretical result in the contest literature is that greater heterogeneity decreases performance of contestants because of the “discouragement effect.” Leveling the playing field by favoring weaker contestants through bid-caps and favorable tie-breaking rules can reduce the...
Persistent link: https://www.econbiz.de/10015251852
In Conflict Resolution situations where two parties with opposed preferences need to make a number of decisions simultaneously, we propose a simple mechanism that endows agents with a certain number of votes that can be distributed freely across issues. This mechanism allows parties to trade off...
Persistent link: https://www.econbiz.de/10009450303
The result of a referendum delivers a significant amount of information about social preferences to each composite member of the society. This paper argues that, beyond this obvious fact, the choice not to offer a referendum by an authority, although permitted to do so, may enhance as well the...
Persistent link: https://www.econbiz.de/10015218037
This paper models the constitutional design process, and points out the importance of political communication (defined as the level of information about the social distribution of policy preferences that individuals hold, at the time of this process) on the "extent" of "democratic restraints" of...
Persistent link: https://www.econbiz.de/10015218975
This paper identifies the necessary and sufficient condition for the transitivity of the majority rule when individuals are never indifferent between two distinct alternatives (linear domain). By introducing the concept of the relevant population for each set of alternatives, a unique condition...
Persistent link: https://www.econbiz.de/10015222850
This paper identifies necessary and sufficient single-profile conditions for consistent decision under all super-majority rules. It is demonstrated that if one begins by discarding any ordering and its inverse whenever they are both found in the preference profile, then the reduced profile will...
Persistent link: https://www.econbiz.de/10015227699