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Generic Difference of Expected Vote Share and Probability of Victory Maximization in Simple Plurality Elections with Probabilistic Voters

Patty, John W. - EconWPA - 2005

In this paper I examine single member, simple plurality elections with n 2 probabilistic voters and show that the maximization of expected vote share and maximization of probability of victory are “generically different” in a specific sense. More specifically, I first describe finite...

Persistent link: https://www.econbiz.de/10005412464

Cournot Competition Yields Spatial Avoiding Competition in Groups

Yu, Chia-Ming; Lai, Fu-Chuan - EconWPA - 2003

This paper characterizes the properties of equilibrium location patterns in an Anderson-Neven-Pal model and uses these characteristics to comprehensively find the subgame perfect Nash equilibria, most of which are not yet found in the literature. Since the external competition effect may be...

Persistent link: https://www.econbiz.de/10005134538

Concurrence spatiale, différenciation verticale et comportement bancaire

saidane, dhafer - EconWPA - 2005

A banking spatial competition model is developed to activate the horizontal and vertical parameters of differentiation in a two- dimensional space. Banking competition has become more relevant given the vertical differentiation elements related to some financial assets features. We consider a...

Persistent link: https://www.econbiz.de/10005413079

Instability in Exchange Rates of the World Leading Currencies: Implications of a Spatial Competition Model among Central Banks (Currencies, Competition, and Clans)

Engelmann, Dirk; Hanousek, Jan; Kocenda, Evzen - EconWPA - 2004

We use a spatial competition based model in a two-stage game setup to assess whether equilibrium in exchange rates among the leading currencies is attainable. We show that a stable equilibrium can be reached in the case of two leading currencies, but not in the case of three. In our model,...

Persistent link: https://www.econbiz.de/10005561175

Can Rivalry Increase Prices?

Roessler, Christian - EconWPA - 2005

Spatially differentiated duopolists set higher-than-monopoly prices at some distances. This phenomenon is shown to occur in any finite- dimensional space for a class of reservation prices that covers concavity and convexity in perceived distance from a design. But an upper bound on the...

Persistent link: https://www.econbiz.de/10005561854

The Varieties of Subjectivism: Keynes and Hayek on Expectations

Butos, William N.; Koppl, Roger G. - EconWPA - 1995

issues of time and uncertainty in economics. The source of the difference between their economic ideas was the difference …

Persistent link: https://www.econbiz.de/10005076652

A More Realistic Endogenous Time Preference Model and the Slump in Japan

Harashima, Taiji - EconWPA - 2004

This paper presents a more realistic endogenous time preference model, incorporating the property that impatience decreases as consumption increases. The model overcomes a serious drawback of the existing model, which needs the assumption of increasing impatience. The new model is applied to the...

Persistent link: https://www.econbiz.de/10005076835

The Bad Government: A Source of Uncertainty and Business Fluctuations

Harashima, Taiji - EconWPA - 2004

Uncertainty represented by volatilities in equity markets has been observed to be time-variable and lead output … fluctuations. In the rational expectation framework, uncertainty with this nature needs exogenous variables with time … that supervisions and law enforcement that reduce cheatings in contracts is one of the ultimate sources of uncertainty. The …

Persistent link: https://www.econbiz.de/10005077043

A Model of Primary and Secondary Waves in Investment Cycles

Fioretti, Guido - EconWPA - 2002

. Uniting Schumpeter's concern for innovation with Keynes' concern for uncertainty and expectations formation, this article … focuses on the behaviour of entrepreneurs confronting uncertainty caused by innovation. Entrepreneurs' behaviour is …

Persistent link: https://www.econbiz.de/10005077089

Empirical analysis on the real effects of inflation and exchange rate uncertainty: The case of Colombia

Ruiz, Isabel - EconWPA - 2005

This paper re-examines the effects of inflation and exchange rate uncertainty on real economic activity. The existent … literature has treated both issues as separate subject matters. It has emphasized either the issue of inflation uncertainty or … exchange rate uncertainty on economic growth or on different measures of economic activity. This paper attempts dealing with …

Persistent link: https://www.econbiz.de/10005125542