Showing 1 - 10 of 192
the policies they can pursue are constrained by the identity of the coalition members. In the model, a formateur picks a … coalition and negotiates for the allocation of the surplus it is expected to generate. The formateur is free to change … generalized version of a Nash Bargaining Solution in which --in contrast to the standard solution-- the coalition is endogenous …
Persistent link: https://www.econbiz.de/10012479615
coalitions to provide public goods. Theory is ambiguous on the equilibrium coalition size and contribution rates. We examine the … emergence of coalitions, their size, and how uncertainty in public goods provision affects contribution levels and coalition … coalition to provide the good. Contrary a core theoretical result, we find that coalition size increases when the public good …
Persistent link: https://www.econbiz.de/10012463106
We study the formation of a ruling coalition in political environments. Each individual is endowed with a level of … political power. The ruling coalition consists of a subset of the individuals in the society and decides the distribution of … resources. A ruling coalition needs to contain enough powerful members to win against any alternative coalition that may …
Persistent link: https://www.econbiz.de/10012465911
Discretionary policymaking can foster strategic complementarities between private sector decisions, thus leading to multiple equilibria. This article studies a simple example, originating with Kydland and Prescott, of a government which must decide whether to build a dam to prevent adverse...
Persistent link: https://www.econbiz.de/10012466593
Social distancing via shelter-in-place strategies, and wearing masks, have emerged as the most effective non-pharmaceutical ways of combatting COVID-19. In the United States, choices about these policies are made by individual states. We develop a game-theoretic model and then test it...
Persistent link: https://www.econbiz.de/10012496132
votes. 'This vote,' we hear, ' will either win by a little or lose by a lot.' Real-world examples suggest coalition leaders …
Persistent link: https://www.econbiz.de/10012471442
In this paper we examine exclusion accomplished by a coalition of firms--frequently, a coalition of suppliers and … 1880s, which was controlled by a complex coalition of refiners and wholesalers. We assess the incentives and conduct of the …
Persistent link: https://www.econbiz.de/10012479805
pessimistic conclusions from the theory: only few players form a coalition when the institution prescribes the full …, both along the extensive and intensive margin when coalition members can each suggest a minimum contribution level with the …
Persistent link: https://www.econbiz.de/10012462685
determine conditions for their uniqueness. We show how this framework can be applied in political economy, coalition formation …
Persistent link: https://www.econbiz.de/10012464416
We provide a potential explanation for the absence of, and unwillingness to create, centralized power in the hands of a national state based on the political agenda effect. State centralization induces citizens of different backgrounds, interests, regions or ethnicities to coordinate their...
Persistent link: https://www.econbiz.de/10012456426