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We study political competition in an environment in which voters have private information about their preferences. Our framework covers models of income taxation, public-goods provision or publicly provided private goods. Politicians are vote-share-maximizers. They can propose any policy that is...
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We analyze communication about the social returns to investment in a public good. We model two agents who have private information about these returns as well as their own taste for cooperation, or social preferences. Before deciding to contribute or not, each agent submits an unverifiable...
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to achieve psychological robustness. -- Mechanism Design ; Psychological Games ; Social Preferences ; Intentions …
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We introduce intention-based social preferences into a mechanism design framework with independent private values and quasilinear payoffs. For the case where the designer has no information about the intensity of social preferences, we provide conditions under which mechanisms which have been...
Persistent link: https://www.econbiz.de/10010354632
denoting how one player cares for the other's payoff, we can take the relations between players into account in games and … extend the use of games theory. In this study the effect of cheap talk was analyzed by using the new game model. Two examples … the results of games …
Persistent link: https://www.econbiz.de/10014066084
We develop a model of wage determination with private information, in which the union has the option to delegate the wage bargaining to either surplus-maximizing delegates or to wage-maximizing delegates (such as senior union members). We show that the wage outcome in case of surplus-maximizing...
Persistent link: https://www.econbiz.de/10014067341
Revision games model a situation in which players can prepare their actions during a pre-play phase. We introduce one …-sided incomplete information in two coordination games, one of common interest and one of opposing interest, and study how the pre …
Persistent link: https://www.econbiz.de/10012869444