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This paper explores the relationships between noncooperative bargaining games and the consistent value for non-transferable utility (NTU) cooperative games. A dynamic approach to the consistent value for NTU games is introduced: the consistent vector field. The main contribution of the paper is...
Persistent link: https://www.econbiz.de/10005827436
We characterize the prekernel of NTU games by means of consistency, converse consistency, and five axioms of the Nash type on bilateral problems. The intersection of the prekernel and the core is also characterized with the same axioms over the class of games where the core is nonempty.
Persistent link: https://www.econbiz.de/10005827494
The mechanisms in the Nash program for cooperative games are made compatible with the framework of the theory of implementation. This is done through a reinterpretation of the characteristic function that avoids feasibility problems, thereby allowing an analysis that focuses exclusively on the...
Persistent link: https://www.econbiz.de/10005772396
Political party formation and coalition building in the European Parliament is being a driving force for making governance of the highly pluralistic European Union relatively effective and consensual. In spite of successive enlargements and the very high number of electoral parties obtaining...
Persistent link: https://www.econbiz.de/10005704968
This paper deals with changes in managerial practices in Catalonia in an age of nascent capitalism (1830-1925) and adaptive family strategies in order to face the absence of state welfare. During the 19 t h Century and in the absence of recorded labor contracts, human resources of the firm were...
Persistent link: https://www.econbiz.de/10005708025
Whereas much literature exists on “choice overload,” little is known about effects of numbers of alternatives in donation decisions. How do these affect both the size and distribution of donations? We hypothesize that donations are affected by the reputation of recipients and increase with...
Persistent link: https://www.econbiz.de/10008727819
We offer complete characterizations of the equilibrium outcomes of two prominent agenda voting institutions that are widely used in the democratic world: the amendment, also known as the Anglo-American procedure, and the successive, or equivalently the Euro-Latin procedure. Our axiomatic...
Persistent link: https://www.econbiz.de/10009493739
Electoral institutions that encourage citizens to vote are widely used around the world. Yet little is known about the effects of such institutions on voter participation and the composition of the electorate. In this paper, I combine a field experiment with a change in Peruvian voting laws to...
Persistent link: https://www.econbiz.de/10010633300
What are the best voting systems in terms of utilitarianism? Or in terms of maximin, or maximax? We study these questions for the case of three alternatives and a class of structurally equivalent voting rules. We show that plurality, arguably the most widely used voting system, performs very...
Persistent link: https://www.econbiz.de/10005771963
The origins of electoral systems have received scant attention in the literature. Looking at the history of electoral rules in the advanced world in the last century, this paper shows that the existing wide variation in electoral rules across nations can be traced to the strategic decisions that...
Persistent link: https://www.econbiz.de/10005772165