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Using experimental methods to test a game theoretic model of destruction in a common pool resource environment, this paper investigates whether the possibility of destruction will significantly alter choice behavior in the resulting game. When there is a nonnegligible probability of destruction...
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In this paper, the problem of the Paretian liberal is cast as a preference revelation game whose outcome function satisfies Gibbard's libertarian condition and strong Pareto optimality. Strategic consistency requires that the equilibrium of the game agree with the sincere outcome. It is shown...
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In a spoils system, it is axiomatic that ‘to the winners go the spoils.’ This essay formalizes spoils systems as cooperative games, with winners given by a simple game structure, and represented by a fixed number of political appointments. We analyze the resulting spoils games by means of...
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In the paradigm social choice problem, there is a fixed set of alternatives and a fixed set of voters. This essay considers variations of the electorate when some subset of voters has a special voice on some subset of alternatives. We formalized such a situation by means of the veto function. We...
Persistent link: https://www.econbiz.de/10010864676
Our analysis of a game-theoretic model of liberal rights had two main purposes: First, we gave a characterization of Gibbard's solution to the liberal paradox in terms of a game equilibrium. Secondly, we asked for preference restrictions that can guarantee the existence of a Pareto-optimal...
Persistent link: https://www.econbiz.de/10010988138