Showing 1 - 10 of 222
We analyze a model of US presidential primary elections for a given party. There are two candidates, one of whom is a higher quality candidate. Voters reside in m different states and receive noisy private information about the identity of the superior candidate. States vote in some order, and...
Persistent link: https://www.econbiz.de/10010821672
In a model of evolution driven by conflict between societies more powerful states have an advantage. When the influence of outsiders is small we show that this results in a tendency to hegemony. In a simple example in which institutions differ in their "exclusiveness" we find that these...
Persistent link: https://www.econbiz.de/10010950707
Early nineteenth century New England banking exhibited high levels of lending to directors and their associates (i.e., connected lending). Today many think this arrangement can lead to inefficiency and financial fragility. This paper explores the decision making processes inside these banks and...
Persistent link: https://www.econbiz.de/10005777625
bargaining power is symmetrically distributed, and in that case the ex ante expected welfare of each district is lower without …
Persistent link: https://www.econbiz.de/10009652772
represented by a legislator in the Congress. Legislative process is modeled as a multilateral sequential bargaining game à la … Baron and Ferejohn (1989). Some surprising results emerge: bargaining can be welfare-worsening for all participants … bargaining strategies. …
Persistent link: https://www.econbiz.de/10009228889
Some education policymakers focus on bringing down pupil-teacher ratios. Others argue that resources will have limited impact without systematic reforms to education governance, teacher incentives, and pedagogy. We examine a program under which Kenyan Parent-Teacher Associations (PTAs) at...
Persistent link: https://www.econbiz.de/10011188564
We provide a general framework for the analysis of the dynamics of institutional change (e.g., democratization, extension of political rights or repression of different groups), and how these dynamics interact with (anticipated and unanticipated) changes in the distribution of political power...
Persistent link: https://www.econbiz.de/10010950976
after the end of the process and fully exploit their bargaining leverage, then patent holders aspire to disclose always …
Persistent link: https://www.econbiz.de/10011227944
We study dynamic selection of governments under different political institutions, with a special focus on institutional "flexibility". A government consists of a subset of the individuals in the society. The competence level of the government in office determines collective utilities (e.g., by...
Persistent link: https://www.econbiz.de/10005037696
Owners of intellectual property or mere sponsors of an idea (e.g., authors, security issuers, sponsors of standards) often need to persuade potential buyers or adopters of the worth of their property or idea. To this purpose, they often resort to more or less independent certifiers. This paper...
Persistent link: https://www.econbiz.de/10005019429