Showing 1 - 10 of 31
Games with imperfect information often feature multiple equilibria, which depend on beliefs off the equilibrium path. Standard selection criteria such as passive beliefs, symmetric beliefs or wary beliefs rest on ad hoc restrictions on beliefs. We propose a new selection criterion that imposes...
Persistent link: https://www.econbiz.de/10010368151
We present an electoral theory on the public provision of local public goods to an imperfectly informed electorate. We show that electoral incentives lead to greater spending if the electorate is not well informed. A more informed electorate induces candidates to target funds only to specific...
Persistent link: https://www.econbiz.de/10012215297
Games with imperfect information often feature multiple equilibria, which depend on beliefs off the equilibrium path. Standard selection criteria such as passive beliefs, symmetric beliefs or wary beliefs rest on ad hoc restrictions on beliefs. We propose a new selection criterion that imposes...
Persistent link: https://www.econbiz.de/10010420309
This paper studies the advantages that a coalition of agents obtains by forming a voting bloc to pool their votes and cast them all together. We identify the necessary and sufficient conditions for an agent to benefit from the formation of the voting bloc, both if the agent is a member of the...
Persistent link: https://www.econbiz.de/10010312299
Persistent link: https://www.econbiz.de/10010362570
Games with imperfect information often feature multiple equilibria, which depend on beliefs off the equilibrium path. Standard selection criteria such as passive beliefs, symmetric beliefs or wary beliefs rest on ad hoc restrictions on beliefs. We propose a new selection criterion that imposes...
Persistent link: https://www.econbiz.de/10010260115
I present a theory of assimilation in a heterogeneous society composed of two groups with distinct social norms and unequal statuses. Members of the group with a relatively disadvantaged status face an incentive to assimilate, embracing the norms of the more advantaged group. The cost of...
Persistent link: https://www.econbiz.de/10013038647
We consider a class of equilibrium refinements for finite games in strategic form. The refinements in this family are indexed from least to most restrictive. Proper equilibrium is obtained as a special case within the class; all other concepts are stronger than trembling-hand perfection and...
Persistent link: https://www.econbiz.de/10012904607
We study a voting scheme for multiple alternatives. Our scheme generalizes the two-alternative quadratic voting scheme of Lalley and Weyl. We prove that our generalization results in an outcome where the most-valued alternative wins, and that the vote totals order alternatives from most-to-least...
Persistent link: https://www.econbiz.de/10012894457
Games with imperfect information often feature multiple equilibria, which depend on beliefs off the equilibrium path. Standard selection criteria such as passive beliefs, symmetric beliefs or wary beliefs rest on ad hoc restrictions on beliefs. We propose a new selection criterion that imposes...
Persistent link: https://www.econbiz.de/10013056468