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We investigate whether the simple plurality rule aggregates information efficiently in a large election with three …. With two alternatives and strategic voters, the simple plurality rule aggregates information efficiently in elections with …
Persistent link: https://www.econbiz.de/10010274750
No abstract available
Persistent link: https://www.econbiz.de/10010264282
The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV … externalities and so, the option exercise by the Leader generates an Information Revelation" that benefits the Follower. Moreover …
Persistent link: https://www.econbiz.de/10010266007
We investigate the strategies of a data intermediary selling consumer information to firms for price discrimination … purpose. We analyze how the mechanism through which the data intermediary sells information influences how much consumer … information she will collect and sell to firms, and how it impacts consumer surplus. We consider three selling mechanisms tailored …
Persistent link: https://www.econbiz.de/10012832202
The Greek bail-out was highly controversial. An oft-heard assessment is that i) the bail-out was a mistake, ii) the political haggling over it was irrational and iii) the bail-out will create a moral hazard problem. Contrary to this view, our analysis suggests that, given EMU's present...
Persistent link: https://www.econbiz.de/10010274897
of a centre-periphery system is captured by a threat game with perfect but incomplete information. To get close to the …
Persistent link: https://www.econbiz.de/10010283606
The mathematical framework of psychological game theory is useful for describing many forms of motivation where …, and self-esteem in economic analysis. We explain how and why, discussing basic theory, experiments, applied work, and …
Persistent link: https://www.econbiz.de/10012834347
-like strategies, with deviations above and below the steady state leading to different responses. We extend the theory of differential …
Persistent link: https://www.econbiz.de/10012834996
We study bribing in a sequential team contest with multiple pairwise battles. We allow for asymmetries in winning prizes and marginal costs of effort; and we characterize the conditions under which (i) a player in a team is offered a bribe by the owner of the other team and (ii) she accepts the...
Persistent link: https://www.econbiz.de/10012841589
evolutionary game theory model, where higher IQ among subjects determines - through better working memory - a lower frequency of …
Persistent link: https://www.econbiz.de/10012842383