Whether or not to vaccinate one’s child is a decision that a parent may approach in several ways. The vaccination game, in which parents must choose whether to vaccinate a child against a disease, is one with positive externalities (herd immunity). In some societies, not vaccinating is an...

We study how rich shareholders can use their economic power to deregulate firms that they own, thus skewing the income distribution towards themselves. Agents differ in productivity and choose how much labor to supply. High productivity agents also own shares in the productive sector and thus...

Frontmatter -- Contents -- Preface -- Introduction -- 1. Political Competition over a Single Issue: The Case of Certainty -- 2. Modeling Party Uncertainty -- 3. Unidimensional Policy Spaces with Uncertainty -- 4. Applications of the Wittman Model -- 5. Endogenous Parties: The Unidimensional Case...

In Nash equilibrium, agents are autarchic in their optimization protocol, whereas in Kantian equilibrium, they optimize in an interdependent way. Typically, researchers into the evolution of homo economicus treat preferences as being determined by selective adaptation, but hold fixed the...

Mankind must cooperate to reduce greenhouse gas (GHG) emissions to prevent a catastrophic rise in global temperature, with its concomitant effects on sea level, rainfall, drought, storms, agricultural production, and human migration. What is the appropriate way of evaluating how the costs of...