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Are Self-regarding Subjects More Rational?

Arruñada, Benito; Casari, Marco; Pancotto, Francesca - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

Through an experiment, we investigate how the level of rationality relates to concerns for equality and efficiency. Subjects perform dictator games and a guessing game. More rational subjects are not more frequently of the self-regarding type. When performing a comparison within the same degree...

Persistent link: https://www.econbiz.de/10010547342

Property as an Economic Concept: Reconciling Legal and Economic Conceptions of Property Rights in a Coasean Framework

Arruñada, Benito - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

Adopting a simplistic view of Coase (1960), most economic analyses of property rights disregard both the key advantage that legal property rights (that is, in rem rights) provide to rightholders in terms of enhanced enforcement, and the difficulties they pose to acquirers in terms of information...

Persistent link: https://www.econbiz.de/10010547227

A Characterization of Sequential Rationalizability

Apesteguia, Jose; Ballester, Miguel Angel - Barcelona Graduate School of Economics (Barcelona GSE) - 2008

sequentially rationalizable. Finally, we show that some prominent voting mechanisms are also sequentially rationalizable. …

Persistent link: https://www.econbiz.de/10011253113

A Foundation for Strategic Agenda Voting

Apesteguia, Jose; Ballester, Miguel Angel; Masatlioglu, … - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

We offer complete characterizations of the equilibrium outcomes of two prominent agenda voting institutions that are … equivalently the Euro-Latin procedure. Our axiomatic approach provides a proper understanding of these voting institutions, and … allows comparisons between them, and with other voting procedures. …

Persistent link: https://www.econbiz.de/10011253112