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The main purpose of this short paper is to examine how traditional Downsian dynamics (convergence of the parties to the median of the distribution) are altered by the introduction of centrifugal incentives arising from the fact that any motion towards the center induces a lost of votes at the...
Persistent link: https://www.econbiz.de/10010823136
This article studies a model of coalition formation for the joint production (and finance) of public projects, in which agents may belong to multiple coalitions. We show that, if projects are divisible, there always exists a stable (secession-proof) structure, i.e., a structure in which no...
Persistent link: https://www.econbiz.de/10011004727