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on the circle. Analysis of market structure, consumer participation, entry and transport cost curvature give a rich …
Persistent link: https://www.econbiz.de/10005702622
We develop a model of consulting (advising) where the role of the consultant is that she can reveal signals to her client which refine the client’s original private estimate of the profitability of a project. Importantly, only the client can observe or evaluate these signals...
Persistent link: https://www.econbiz.de/10005702621
This paper models individual choices of social groups and the formation of group identity, and examines the conditions with which the group identity reinforces the productivity of individuals. A social group is defined as a network that provides with a market for interactions to its members....
Persistent link: https://www.econbiz.de/10005329005
In an abstract model of division problems, we study division rules that are not manipulable through a reallocation of individual characteristic vectors within a coalition (e.g. reallocation of claims in bankruptcy problems). A coalition can be formed if members of the coalition are connected on...
Persistent link: https://www.econbiz.de/10005130230
This paper is motivated by a practical income (or wealth) taxation problem: For a public good economy where the provision of public goods is to be financed by income taxes collected from individuals, what is the optimal feasible tax mechanism when a social planner is relatively uninformed of the...
Persistent link: https://www.econbiz.de/10005702720
This paper formulates a model of dynamic, endogenous reform of political institutions. Specifically, a class of dynamic political games (DPGs) is introduced in which institutional choice is both recursive and instrumental. It is recursive because future political institutions are decided under...
Persistent link: https://www.econbiz.de/10005328876
equilibrium larger elections are characterized by a higher participation rate. Moreover, no matter what the voters' preferences …
Persistent link: https://www.econbiz.de/10005328928
Spatial models of voting behaviour are the dominant paradigm in political science. Consistent with this approach, it … question is how we measure nearness or distance. We investigate this issue by estimating discrete choice models for voting … almost as good a predictor of their voting outcome as how close they are to the parties …
Persistent link: https://www.econbiz.de/10005342137
We examine the incentives of an interest group to provide a political decision-maker with policy-relevant information and to exert pressure on her. Both activities are costly but may induce the lobby's preferred policy. Our paper provides an integrated analysis of both lobbying activities and...
Persistent link: https://www.econbiz.de/10005342190
The phenomenon of "choice shifts" in group decision-making is fairly ubiquitous in the social psychology literature. Faced with a choice between a ``safe" and ``risky" decision, group members appear to move to one extreme or the other, relative to the choices each member might have made on her...
Persistent link: https://www.econbiz.de/10005342195