Showing 1 - 10 of 14,921
Persistent link: https://www.econbiz.de/10001495165
Persistent link: https://www.econbiz.de/10003870986
Political and economic institutions are typically governed by committees that face the challenge to reconcile the preferences of their members. How should decision rules be designed to generate fair and sustainable agreements, for example if committee members represent groups of different sizes?...
Persistent link: https://www.econbiz.de/10013521312
Persistent link: https://www.econbiz.de/10014228812
Persistent link: https://www.econbiz.de/10000797626
Persistent link: https://www.econbiz.de/10002505772
Persistent link: https://www.econbiz.de/10002071407
In this paper, a group contest is analyzed, where the groups are allowed to determine their sharing rules either sequentially or simultaneously. It is found that in case the more numerous group determines its sharing rule prior to the smaller group, rent dissipation in the group contest is...
Persistent link: https://www.econbiz.de/10002829547
We propose two related equilibrium refinements for voting and agenda-setting games. Sequentially Weakly Undominated Equilibrium (SWUE) and Markov Trembling Hand Perfect Equilibrium (MTHPE), and show how these equilibrium concepts eliminate non-intuitive equilibria that arise naturally in dynamic...
Persistent link: https://www.econbiz.de/10014202604
A partially-honest individual is a person who follows the maxim, "Do not lie if you do not have to" to serve your material interest. By assuming that the mechanism designer knows that there is at least one partially-honest individual in a society of n≥3 individuals, a social choice rule (SCR)...
Persistent link: https://www.econbiz.de/10012905391