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This paper explores the conditions under which compliance with a social contract establishes an equilibrium in a society. It is assumed that society consists of two groups, one of which has a comparative advantage in using violence, whereas the other one has a comparative advantage in producing...
Persistent link: https://www.econbiz.de/10001725457
This paper explores conditions under which dictators comply with a social contract. We assume society to consist of two groups, one with a comparative advantage in using violence, the other one with a comparative advantage in producing private goods. Violence can be used to produce security or...
Persistent link: https://www.econbiz.de/10014077672
Persistent link: https://www.econbiz.de/10003385998
The aim of this paper is to derive conditions under which either dictatorship or the rule of law are the equilibria of a post-constitutional game. It thus contributes to positive constitutional economics, i.e., the research program that is interested in explaining the emergence of constitutions...
Persistent link: https://www.econbiz.de/10003187045
This paper explores the conditions under which compliance with a social contract establishes an equilibrium in a society. It is assumed that society consists of two groups, one of which has a comparative advantage in using violence, whereas the other one has a comparative advantage in producing...
Persistent link: https://www.econbiz.de/10014169077
Persistent link: https://www.econbiz.de/10001698027
Persistent link: https://www.econbiz.de/10001982162
Persistent link: https://www.econbiz.de/10002519437
This paper presents a modification of the inspection game: The "Bayesian Monitoring" model rests on the assumption that judges are interested in enforcing compliant behavior and making correct decisions. They may base their judgements on an informative but imperfect signal which can be generated...
Persistent link: https://www.econbiz.de/10003091733
Persistent link: https://www.econbiz.de/10002126979