Showing 111 - 120 of 251
The standard model of repeated games assumes perfect synchronization in the timing of decisions between the players. In many natural settings, however, choices are made synchronously so that only one player can move at a given time. This paper studies a family of repeated settings in which...
Persistent link: https://www.econbiz.de/10014066967
A canonical interpretation of an infinitely repeated game is that of a dynastic repeated game: a stage game repeatedly played by successive generations of finitely-lived players with dynastic preferences. These two models are in fact equivalent when the past history of play is observable to all...
Persistent link: https://www.econbiz.de/10014068394
NOTE: The following is a description of the paper and not the actual abstract. We study whether compulsory public provision or voluntary private provision of public goods can survive when individuals who "vote with their feet" can choose between communities that differ in the way that public...
Persistent link: https://www.econbiz.de/10014056544
We present a model of coalitional property rights (CPR) regimes regimes in which ownership of a good is attributable to coalitions of various sizes. Specifically, for each good, we define a legal structure that specifies the legal coalitions of individuals that share a communal claim to that...
Persistent link: https://www.econbiz.de/10014056562
This article examines optimal social linkage when each individual's repeated interaction with each of his neighbors creates spillovers. Each individual's discount factor is randomly determined. A planner chooses a local interaction network or neighborhood design before the discount factors are...
Persistent link: https://www.econbiz.de/10014059945
Why would a political elite voluntarily dilute its political power by extending the franchise? This paper develops a dynamic recursive framework for studying voter enfranchisement. We study properties of dynamic enfranchisement games, dynamic games in which political rights evolve over time....
Persistent link: https://www.econbiz.de/10014030461
This paper models status quo (SQ) protection of property rights. A politico-legal system determines eligibility of citizen-groups for protection. A ruling authority can reallocate property iff reallocation is preferable to the status quo for one such group. Along the solution path, SQ...
Persistent link: https://www.econbiz.de/10013301694
Persistent link: https://www.econbiz.de/10013270598
We study whether "coercive" public provision or voluntary private provision of public goods can survive when individuals who "vote with their feet" can choose between communities that differ in the way that public goods are provided. We obtain the following findings: (i) an equilibrium always...
Persistent link: https://www.econbiz.de/10014085974
This paper examines characteristics of cooperative behavior in a repeated, n-person, continuous action generalization of a Prisoner' Dilemma game. When time preferences are heterogeneous and bounded away from one, how "much" cooperation can be achieved by an ongoing group? How does group...
Persistent link: https://www.econbiz.de/10014107505