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Equity as a Prerequisite for Stable Cooperation in a Public-Good Economy - The Core Revisited

Buchholz, Wolfgang; Peters, Wolfgang - CESifo - 2010

on the one hand and the core property of an allocation on the other. In particular we show that it is an inhomogeneous … sacrifice”) which is derived from the egalitarian-equivalent concept suggested by Moulin (1987). We also develop a simple core … test by which it can be checked whether a given allocation is in the core thus being a possible outcome of a cooperative …

Persistent link: https://www.econbiz.de/10008596567

Core-stable Rings in Auctions with Independent Private Values

Biran, Omer; Forges, Francoise - CESifo - 2010

) coalitional equilibrium, describe a (cooperative) partition form game. A coalition is core-stable if the core of a suitable …

Persistent link: https://www.econbiz.de/10008583724

Contracts and Inequity Aversion

Englmaier, Florian; Wambach, Achim - CESifo - 2002

Using the concept of Inequity Aversion we derive in a Moral Hazard setting several results which differ from conventional contract theory. Our three key insights are: First, inequity aversion plays a crucial role in the design of optimal contracts. Second, there is a strong tendency towards...

Persistent link: https://www.econbiz.de/10005766116

Probabilistic Procurement Auctions

Giebe, Thomas; Schweinzer, Paul - CESifo - 2013

We analyse procurement auctions in which sellers are distinguished on the basis of the ratios of quality per unit of money that they offer. Sellers are privately informed on the offered quality of the technology or good. We assume that the procurer cannot perfectly identify the best offer. Thus,...

Persistent link: https://www.econbiz.de/10010678211

Workers of the World, Unite! Franchise Extensions and the Threat of Revolution in Europe, 1820-1938

Aidt, Toke; Jensen, Peter S. - CESifo - 2011

This paper tests the hypothesis that the extension of the voting franchise was caused by the threat of revolution, as suggested by Acemoglu and Robinson [Quarterly Journal of Economics 115, 1167-1199, 2000]. We approximate the threat of revolution in a given country by revolutionary events...

Persistent link: https://www.econbiz.de/10008914271

An Economic Theory of Foreign Interventions and Regime Change

Bonfatti, Roberto - CESifo - 2011

I construct a theory of foreign interventions in which the preferences of the foreign country over alternative local groups are determined by each group's international economic ties. In equilibrium, the foreign country supports the group with which it has the strongest ties, since this is most...

Persistent link: https://www.econbiz.de/10009147745

General Equilibrium with Multi-Member Households and Production

Gersbach, Hans; Haller, Hans - CESifo - 2011

We consider firms and multi-member households operating in a competitive market environment. Households are endowed with resources (commodity bundles) and shares of firm ownership. Household members are characterized by individual preferences, possibly with intra-household consumption...

Persistent link: https://www.econbiz.de/10009371337

Democracy, Inequality and the Environment when Citizens can Mitigate Privately or Act Collectively

Bernard, Sophie; Hotte, Louis; Winer, Stanley L. - CESifo - 2010

We study the political economy of the environment in autocratic, weak and strong democracies when individuals can either mitigate the health consequences of domestic pollution privately or reduce pollution collectively through public policy. The setting is that of a small open economy in which...

Persistent link: https://www.econbiz.de/10008727301

Transfers within a three Generations Family: When the Rotten Kids Turn into Altruistic Parents

Cremer, Helmuth; Roeder, Kerstin - CESifo - 2014

We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal care provided to their parents and education expenditures for their children. The young enjoy their education, while the old may leave a bequest to their children. Within each...

Persistent link: https://www.econbiz.de/10010790169

The Value of Technology Improvements in Games with Externalities: A Fresh Look at Offsetting Behavior

Hoy, Michael; Polborn, Mattias - CESifo - 2014

How should we evaluate the welfare implications of improvements to safety technologies in the presence of offsetting behavior? We model this problem as a symmetric game in which each player’s payoff depends on his own action and the average action of the other players, and analyze under which...

Persistent link: https://www.econbiz.de/10010772269

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