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link between increasing uncertainty and the rise of divisive political issues at the time: socio-economic conflict …
Persistent link: https://www.econbiz.de/10013241934
measure of secession risk and perform the comparative static analysis of the equilibrium policy location and of the secession … risk with respect to the cultural distinctiveness of the two regions, the relative weight attached by voters to economic …
Persistent link: https://www.econbiz.de/10013124688
-regional heterogeneity of preferences. -- majority voting ; secession risk ; cultural distinctiveness ; conflict ; overlapping regional … measure of secession risk and perform the comparative static analysis of the equilibrium policy location and of the secession … risk with respect to the cultural distinctiveness of the two regions, the relative weight attached by voters to economic …
Persistent link: https://www.econbiz.de/10009127585
Individual-specific uncertainty may increase the chances of reform being enacted and sustained. Reform may be more likely to be enacted because a majority of agents might end up losing little from reform and a minority gaining a lot. Under certainty, reform would therefore be rejected, but it...
Persistent link: https://www.econbiz.de/10014129359
We justify risk neutral equilibrium bidding in commonly known fair division games with incompleteinformation by an …
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I investigate the decision problem of a player in a game of incomplete information who faces uncertainty about the other players' strategies. I propose a new decision criterion which works in two steps. First, I assume common knowledge of rationality and eliminate all strategies which are not...
Persistent link: https://www.econbiz.de/10011946016
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