Showing 1 - 7 of 7
Median voter theorem has been used in many economic environments including law enforcement. Assumptions of the median voter theorem, however, are generally violated in lawenforcement models. Moreover, it is impossible to have agents with "opposite equilibrium preferences" over enforcement levels...
Persistent link: https://www.econbiz.de/10011650307
An extension of the Shapley value for games in partition function form is proposed in the paper. We introduce a version of the marginal contributions for environments with externalities. The dummy property related to it is defined. We adapt the system of axioms provided by Shapley (A value for...
Persistent link: https://www.econbiz.de/10010317092
We propose a simple behavioral model to analyze situations where (1) a group of agents repeatedly plays a public goods game within a network structure and (2) each agent only observes the past behavior of her neighbors, but is affected by the decisions of thewhole group. Themodel assumes that...
Persistent link: https://www.econbiz.de/10011650297
We consider a model of local public goods in a random network context. The influence network determines (exogenously) who observes whom every period and comprises a wide array of options depending on the degree distribution and the in/out-degree correlations. We show that there exists a unique...
Persistent link: https://www.econbiz.de/10011994633
The average voting procedure reflects the weighted average of expressed opinions in [0,1]. Participants typically behave strategically. We evaluate the discrepancy between the average taste and the average vote. If the population is sufficiently large, it is possible to construct approximations...
Persistent link: https://www.econbiz.de/10010317062
Quasilinear preferences on a public good and a numeraire good are limits of preferences where both goods are normal. The set of equilibria of the voluntary contribution (or private provision) game is easily characterized under quasilinearity by: top valuators aggregately contribute their common...
Persistent link: https://www.econbiz.de/10010317090
Single parenthood is on the rise worldwide. While acceptance of single-parent households is increasing, some authors point out that single-parent families still suffer from negative societal attitudes compared to heterosexual two-parent families, while also being among the most vulnerable groups...
Persistent link: https://www.econbiz.de/10014496064