Showing 1 - 10 of 31
This article studies a model of coalition formation for the joint production (and finance) of public projects, in which agents may belong to multiple coalitions. We show that, if projects are divisible, there always exists a stable (secession-proof) structure, i.e., a structure in which no...
Persistent link: https://www.econbiz.de/10008752111
We provide a general coalitional procedure that characterizes a family of rules for bankruptcy problems inspired by the Talmud.
Persistent link: https://www.econbiz.de/10008752112
The cleaning up of waste present in transboundary rivers, which re- quires the cooperation of dierent authorities, is a problematic issue, espe- cially when responsibility for the discharge of the waste is not well-dened. Following Ni and Wang [12] we assume that a river is a segment divided...
Persistent link: https://www.econbiz.de/10010819759
This paper takes an axiomatic approach to find rules for allocating the value of a network when the externalities generated across components are identifiable. Two new, and different, allocation rules are defined and characterized in this context. The first one is an extension of the...
Persistent link: https://www.econbiz.de/10004989567
A jury has to decide the winner of a competition among a group of contestants. All members of the jury know who the deserving winner is, but this contestant is unknown to the planner. The social optimum is that the jury select the deserving winner. Each individual juror may be biased in favor...
Persistent link: https://www.econbiz.de/10011276114
When the members of a voting body exhibit single peaked preferences, majority winners exist. Moreover, the median(s) of the preferred alternatives of voters is (are) indeed the majority (Condorcet) winner(s). This important result of Duncan Black (1958) has been crucial in the development of...
Persistent link: https://www.econbiz.de/10005081427
We concentrate on the problem of the provision of one pure public good whenever agents that form the society have either single-plateaued preferences or single-peaked preferences over the set of alternatives. We are interested in comparing the relationships between different nonmanipulability...
Persistent link: https://www.econbiz.de/10005081428
We explore to what extent we can propose fixed negotiation rules as well as simple mechanisms (or protocols) that guarantee that political parties can form stable coalition-governments. We analyze the case where three parties can hold office in the form of two-party coalitions. We define the...
Persistent link: https://www.econbiz.de/10004997393
We analyze the problem of choosing the w contestants who will win a competition within a group of nw competitors when all jurors commonly observe who are the w best contestants but may be biased. We study conditions on the configuration of the jury so that it is possible to induce the jurors to...
Persistent link: https://www.econbiz.de/10004997395
A high court has to decide whether a law is constitutional, un- constitutional, or interpretable. The voting system is runoff. Runoff voting systems can be interpreted both, as social choice functions or as mechanisms. It is known that, for universal domains of preferences, runoff voting systems...
Persistent link: https://www.econbiz.de/10008691150