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guarantees efficiency and the Anonymity axiom, which guarantees equity. Basu and Mitra (2003) show that it is impossible to …
Persistent link: https://www.econbiz.de/10010750750
We show that it is possible to reconcile the utilitarian and welfarist principles under the requirement of unanimity …
Persistent link: https://www.econbiz.de/10009325716
The folk theorem characterizes the (subgame perfect) Nash equilibrium payoffs of an undiscounted or discounted infinitely repeated game - with fully informed, patient players - as the feasible individually rational payoffs of the one-shot game. To which extent does the result still hold when...
Persistent link: https://www.econbiz.de/10010746981
We study a stochastic model of influence where agents have "yes" or "no" inclinations on some issue, and opinions may change due to mutual influence among the agents. Each agent independently aggregates the opinions of the other agents and possibly herself. We study influence processes modeled...
Persistent link: https://www.econbiz.de/10010899967
We study a stochastic model of influence where agents have "yes" or "no" inclinations on some issue, and opinions may change due to mutual influence among the agents. Each agent independently aggregates the opinions of the other agents and possibly herself. We study influence processes modeled...
Persistent link: https://www.econbiz.de/10011025638
The paper investigates information sharing communities. The environment is characterized by the anonymity of the …
Persistent link: https://www.econbiz.de/10010738873
We study a stochastic model of influence where agents have "yes" or "no" inclinations on some issue, and opinions may change due to mutual influence among the agents. Each agent independently aggregates the opinions of the other agents and possibly herself. We study influence processes modeled...
Persistent link: https://www.econbiz.de/10010775728
We examine through an experimental design how rational and non-rational considerations affect the decision to vote or to abstain in First Past the Post and PR elections. We show that in both types of elections, but particularly so under PR, a majority of subjects do not make the "right"...
Persistent link: https://www.econbiz.de/10009295309
Under evaluative voting, the voter freely grades each candidate on a numerical scale, with the winning candidate being … determined by the sum of the grades they receive. This paper compares evaluative voting with the two-round system, reporting on … evaluative voting rules, and the specific pattern of strategic voting under the official, two-round voting rule. …
Persistent link: https://www.econbiz.de/10011026210
International agreements about transnational issues are difficult to reach, as the examples of the Copenhagen summit or the never-ending discussions of the future of the European Union make clear. In this paper, we relate this difficulty to the political process and the conflicts of interest...
Persistent link: https://www.econbiz.de/10010603649