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Persistent link: https://www.econbiz.de/10002940265
In this paper, we model lobbying and the initiative process as a one-shot game between groups of citizens and the legislature. We model voters as random utility maximizers, as in McKelvey and Patty (2000). Our solution concept is Bayes equilibrium in weakly undominated strategies. Modeling the...
Persistent link: https://www.econbiz.de/10014118078
In this paper we extend the well known "agreeing-to-disagree" and "no-trade" results from economics and game theory to international relations. We show that two rational countries should never agree to go to war when war is inefficient and when rationality is common knowledge. We argue that this...
Persistent link: https://www.econbiz.de/10014121105
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