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In a model where cooperation is beneficial, but subject to cheating, and is supported by trigger strategy punishments in a repeated game, we explore the relationship between the nature of cooperation (size and composition of coalitions) and underlying inequality in the distribution of private...
Persistent link: https://www.econbiz.de/10005555986
This paper generalizes previous existence results on unidimensional electoral competition, by extending the traditional two-party electoral game to the case where parties have mixed motivations, in the sense that they are interested in winning the election, but also in the policy implemented...
Persistent link: https://www.econbiz.de/10005118547
By reinterpreting Savage axioms as axioms of the social rationality over resource allocations, we derive a social …
Persistent link: https://www.econbiz.de/10005561029
If each member of a group assigns a certain probability to a hypothesis, what probability should the collective as a whole assign? More generally, how should individual probability functions be merged into a single collective one? I investigate this question in case that the individual...
Persistent link: https://www.econbiz.de/10005412461
Variations of bilateral aid flows are difficult to explain on the basis of official development objectives or recipient need. At the example of US aid to Pakistan, this paper suggests alternative political economic explanations, notably the relevance of ethnic lobbying and the relevance of US...
Persistent link: https://www.econbiz.de/10005119467
Negli anni novanta si è diffusa nelle scienze sociali l’idea che la crescita non sia determinata soltanto da fattori di carattere economico, quali il capitale naturale, il capitale fisico e il capitale umano, ma anche dal tessuto sociale e istituzionale dell’economia. Gli aspetti della...
Persistent link: https://www.econbiz.de/10005135033
Arrow’s Impossibility Theorem shows that transitive social preference is impossible. This note shows that in the general case of exchange, social preference need not be transitive. Indeed, it shows that social preference must be non-transitive to allow gainful exchange to maximize social...
Persistent link: https://www.econbiz.de/10005135127
We characterize a rule in cost spanning tree problems using an additivity property and some basic properties. If the set of possible agents has at least three agents, these basic properties are symmetry and separability. If the set of possible agents has two agents, we must add positivity. In...
Persistent link: https://www.econbiz.de/10005062345
The decisions made during the design process have a critical impact both on the design solution obtained but also on the design process itself. It can be observed that while the way in which products are developed differs not only across firms but within the same firm over time, what is being...
Persistent link: https://www.econbiz.de/10005062523
In this paper we consider the way in which authorities arise in response to the need for coordination. In a model of local interaction, an authority is understood as a self-enforcing coordination selection structure, where the threat of violence ensures compliance. Such authorities form if...
Persistent link: https://www.econbiz.de/10005550871