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We include initial holdings in the jungle economy of Piccione and Rubinstein (Economic Journal, 2007) in which the unique equilibrium satisfies lexicographic welfare maximization. When we relax assumptions on consumption sets and preferences slightly, equilibria other than lexicographic welfare...
Persistent link: https://www.econbiz.de/10011255490
can have better power than alternative Empirical Distribution Function tests. …
Persistent link: https://www.econbiz.de/10011255562
exchange is either coercive or voluntary, and relative strength governs power relations in coercive exchange. We stress the … importance of free disposal of goods which allows for excess holdings larger than consumption, thereby modelling the power to …
Persistent link: https://www.econbiz.de/10011255884
This discussion paper led to a chapter in .Voting Power and Procedures: Essays in Honour of Dan Felsenthal and Moshé … mix-up of the notions of success and satisfaction which is prevailing in the voting power literature. We demonstrate that … is predominant in the voting power literature. However, we provide two examples of sequential decision-making mechanisms …
Persistent link: https://www.econbiz.de/10011255947
This discussion paper resulted in a publication in 'Public Choice', 151, 757-787. <P> Power is a core concept in the … analysis and design of organizations. One of the problems with the extant literature on positional power in hierarchies is that … it is mainly restricted to the analysis of power in terms of the bare positions of the actors. While such an analysis …
Persistent link: https://www.econbiz.de/10011256751
affect the behavior of their followers. Hence, opinion leaders have some power over their followers, and they can exercise … this power by influencing their followers choice of action. We study a two-action model for a society with opinion leaders … choice is made by simple majority of the actions chosen by each member. For this model we axiomatize satisfaction and power …
Persistent link: https://www.econbiz.de/10011256876
We include initial holdings in the jungle economy of Piccione and Rubinstein (Economic Journal, 2007) and relax the assumptions on consumption sets and preferences. We show that initial holdings are irrelevant for lexicographic welfare maximization. Equilibria other than such maximizers can be...
Persistent link: https://www.econbiz.de/10011257443
This discussion paper led to a chapter in 'Power, Freedom and Voting' (eds. M. Braham and F. Steffen), Springer, pp 57 …-81, 2008.<p> Power is a core concept in the analysis and design of organisations. In this paper we consider positional power in … hierarchies. One of the problems with the extant literature on positional power in hierarchies is that it is mainly restricted to …
Persistent link: https://www.econbiz.de/10011257627
leaders have some power over their followers, and they exercise this power by influencing the behavior of their followers, i … choice resulting from the individual choices. Using bipartite digraphs we introduce satisfaction and power scores which allow … us to analyze the actors' satisfaction and power with respect to the collective choice for societies with different …
Persistent link: https://www.econbiz.de/10011257629
explain heterogeneity in economic behaviour by education and cognitive functioning. Analysis of eight waves of the US Health … and Retirement Study reveals that individuals with lower levels of education and cognitive functioning report survival …
Persistent link: https://www.econbiz.de/10011275101