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"Our focus in this paper is with the transaction costs inherent in most decision making settings. We specifically investigate an "institution free" collective choice mechanism that includes costs to calling votes. A set of models show that under low costs (i.e., where no cost-induced equilibrium...
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"In this paper we formulate a cost-induced equilibrium concept. This equilibrium is generated from transaction costs connected with a sequential agenda process. Our claim is that most collective choice Institutions carry with them decision costs. If these transaction costs are very large, they...
Persistent link: https://www.econbiz.de/10009468499
An explanation of leadership within a particular class of institutions is developed. The institutions of interest are non-hierarchical, endow their leaders with few formal powers, and are hampered by principal-agent problems. The explanation proceeds in two stages.First, game-theoretic models of...
Persistent link: https://www.econbiz.de/10009441920
It is commonly asserted that state leaders, when faced with poor domestic political conditions, have an incentive to engage in diversionary foreign policy behavior. The standard view is that an aggressive foreign policy benefits the executive by leading the public to ignore domestic problems and...
Persistent link: https://www.econbiz.de/10010812752
An abstract public goods setting is considered in which individually rational strategies lead to collectively irrational outcomes. Theorists argue that individual reputations can provide an important means for solving repeated versions of that public goods game. Numerous experimental findings...
Persistent link: https://www.econbiz.de/10010812771
It is often assumed that leaders serve as focal points around which followers rally when confronted with a coordination problem. This research begins with one component of leadership—its coordinating role—and disentangles how leadership matters for followers. This analysis proceeds...
Persistent link: https://www.econbiz.de/10010812821
This research explores two approaches to modeling decisions about when to resort to conflict. The authors begin from a model of a single actor making unilateral decisions for her or his nation-state. That model is expanded to incorporate advisors who make recommendations to the unitary actor....
Persistent link: https://www.econbiz.de/10010812987