Similar Search Results

Focused power: Experiments, the Shapley-Shubik power index, and focal points

Geller, Chris R.; Mustard, Jamie; Shahwan, Ranya - Institut für Weltwirtschaft (IfW) - 2013

Experiments evaluate the fit of human behaviour to the Shapley-Shubik power index (SSPI), a formula of voter power. Groups of six subjects with differing votes divide a fixed purse by majority rule in online chat rooms. Earnings proxy for measured power. Chat rooms and processes for selecting...

Persistent link: https://www.econbiz.de/10010956071

On the effects of factor mobility on local infrastructure policy and rent-seeking

Lorz, Jens Oliver - Institut für Weltwirtschaft (IfW) - 1998

This paper deals with the influence of factor mobility on local infrastructure policy and rent-seeking activities of local interest groups. It employs a model where households differ with respect to their endowment with the immobile factor land. Local governments decide about the level of...

Persistent link: https://www.econbiz.de/10009276704

The New Institutional Economics of Antitrust and Regulation

Bickenbach, Frank; Kumkar, Lars; Soltwedel, Rüdiger - Institut für Weltwirtschaft (IfW) - 1999

Hybrid governance structures between markets and hierarchies in many industries, e.g., in energy and telecommunications, challenge antitrust and regulation policy. The paper focuses on the theoretical and methodological basis provided by the New Institutional Economics (NIE) for analyzing the...

Persistent link: https://www.econbiz.de/10005755247

The role of lenders' trust in determining borrowing conditions for sovereign debt: An analysis of one-period government bonds with default risk

Guo, Yanling - Institut für Weltwirtschaft (IfW) - 2015

In this paper, the author considers the sovereign debt in the form of one-period government bonds with default risk, which can be purchased by and traded among domestic and foreign investors. She shows that the weight assigned to the lenders' interest by the borrowing government at the time of...

Persistent link: https://www.econbiz.de/10011269110

Determinanten kommunaler Verschuldung und die Rolle der Länder

Boysen-Hogrefe, Jens - Institut für Weltwirtschaft (IfW) - 2014

In einer Regressionsanalyse werden mögliche Determinanten kommunaler Verschuldung untersucht. Von erheblicher Bedeutung sind die SGBII-Quote und das Zusammenspiel aus Einwohnerzahl und Einwohnerdichte. Zudem spielt die Länderzugehörigkeit der Kommunen eine große Rolle. Unterschiede gibt es...

Persistent link: https://www.econbiz.de/10011277151

The Information Content and Redistribution Effects of State and Municipal Rating Changes in Mexico

Mendoza-Velázquez, Alfonso - Institut für Weltwirtschaft (IfW) - 2009

The fiscal and financial reforms carried out in Mexico in 2000 have encouraged a widespread presence of rating agencies and have allowed several States and unicipalities to raise funds through bond offerings in the capital market. Any local government in Mexico intending to access credit and...

Persistent link: https://www.econbiz.de/10005097463

Network Structure of Japanese Firms Hierarchy and Degree Correlation: Analysis from 800,000 Firms

Konno, Tomohiko - Institut für Weltwirtschaft (IfW) - 2008

We found hierarchical structure and negative degree correlation in firms' transaction network. The network consists of 800,000 Japanese firms. We also summarize other features of the network and discuss why studying network structure is important. We also found scale free distribution in...

Persistent link: https://www.econbiz.de/10005083422

Accession Incentives for Institutional Change in Post-Socialist Countries – Cross-Section and Country Evidence from NATO Enlargement

Schweickert, Rainer; Kauschke, Jonas; Heitmann, Hanno - Institut für Weltwirtschaft (IfW) - 2010

This paper analyses the transformative power of NATO accession that gains in importance due to the enlargement fatigue of the EU, the EU’s rather weak neighbourhood incentives and the increasing importance of regional security as an incentive for compliance with the institutional standards of...

Persistent link: https://www.econbiz.de/10008592857

Clashes and compromises: Investment policies in tourism destinations

Candela, Guido; Castellani, Massimiliano; Mussoni, Maurizio - Institut für Weltwirtschaft (IfW) - 2012

The authors solve a linear problem where a potential conflict between two agents (Destination manager and Firm) arises … either second homes or hotels. This conflict stems from the assumption of agents who have different linear preferences with … both agents over the clash of interests outcomes (corner solutions). Thus, the authors show that in a framework of conflict …

Persistent link: https://www.econbiz.de/10009646515

Equal Split in the Informal Market for Group Train Travel

Waichman, Israel; Korzhenevych, Artem; Requate, Till - Institut für Weltwirtschaft (IfW) - 2010

In this paper we make use of a unique dataset collected in the central train station of Kiel, Germany. A group ticket is used by individual proposers who search for co-travelers to share the ride with shortly before the train departure. The bargaining behavior resembles the Ultimatum game to the...

Persistent link: https://www.econbiz.de/10008511729