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This paper studies a model of how political parties use resources for campaigning to inform voters. We show existence of equilibrium under mild assumptions for an arbitrary number of parties. The main result is that if the parties are more extreme, then they spend less resources on campaigning...
Persistent link: https://www.econbiz.de/10005669568
I explore the effects of a preference for fairness in the division of housework between two spouses in two different models of household time allocation. Both in the model with agreeing spouses and the model with noncooperative spouses, such a preference has an equalising effect on the division...
Persistent link: https://www.econbiz.de/10005669592
Economic Theory 71 (1996), 44-74. This cost topology might represent geographical, social, or individual differences. It …
Persistent link: https://www.econbiz.de/10005775370
This paper generalizes the results of Suijs, De Waegenaere and Borm (1998) to arbitrary risks. It provides Pareto optimal allocations and shows that the zero utility premium calculation principle yields a core-allocation.
Persistent link: https://www.econbiz.de/10005775386
This paper analyzes linear production situations with price uncertainty, and shows that the corresponding stochastic linear production games are totally balanced. It also shows that investment funds, where investors pool their individual capital for joint investments in financial assets, fit...
Persistent link: https://www.econbiz.de/10005775393
Persistent link: https://www.econbiz.de/10005775402
Pareto dominating equilibrium, if uncertainty is large. From the theory of real options it is known that it is optimal to …
Persistent link: https://www.econbiz.de/10005775424
The class of neighbour games is the intersection of the class of assignment games (cf. Shapley and Shubik (1972)) and the class of component additive games (cf. Curiel et al. (1994)). For assignment games and component additive games there exist polynomially bounded algorithms or order p4 for...
Persistent link: https://www.econbiz.de/10005775427
Persistent link: https://www.econbiz.de/10005775434
The constrained egalitarian solution of Dutta and Ray (1989) for TU-games is extended to asymmetric cases, using the notion of weight systems as in Kalai and Samet (1987, 1988). This weighted constrained egalitarian solution is based on the weighted Lorenz-criterion as an inequality measure. It...
Persistent link: https://www.econbiz.de/10005775442