Narrow search
Showing 1 - 10 of 424
Cover Image
Bargaining and distribution of power in the EU's Conciliation Committee
Napel, Stefan; Widgrén, Mika - 2003
The European Union (EU) has moved towards bicameralism, making the codecision procedure its most important mechanism for decision making. To gauge if European Parliament (EP) and Council of Ministers (CM) are equally powerful codecision makers , understanding of the final stage of the procedure...
Persistent link: https://www.econbiz.de/10011509443
Cover Image
Trade, insecurity, and the costs of conflict
Garfinkel, Michelle Robin; Skaperdas, Stergios; … - 2022
Typically, economics assumes that property rights over productive resources or goods are perfectly defined and costlessly enforced. The costs of insecurity and the resultant conflict are, however, real and often economically significant. In this paper, we examine how international trade regimes...
Persistent link: https://www.econbiz.de/10013419262
Cover Image
International trade and stable resolutions of resource disputes
Garfinkel, Michelle Robin; Syropoulos, Constantinos - 2022
We consider a dynamic setting in which two sovereign states with overlapping ownership claims on a resource/asset first arm and then choose whether to resolve their dispute violently through war or peacefully through settlement. Both approaches depend on the states' military capacities, but...
Persistent link: https://www.econbiz.de/10013419332
Cover Image
Tailored Bayesian mechanisms : experimental evidence from two-stage voting games
Engelmann, Dirk; Grüner, Hans Peter - 2017
Optimal voting rules have to be tailored to the underlying distribution of preferences. This paper shows that the introduction of a stage at which agents may themselves choose voting rules according to which they decide in a second stage may increase the sum of individuals' payoffs if players...
Persistent link: https://www.econbiz.de/10011624232
Cover Image
New forms of democracy
Gersbach, Hans - 2022
In the third decade of the 21st century, digitization, global events, challenges from authoritarian states, and difficulties of particular democracies to function properly confront democracy with a new series of challenges and opportunities that will force it to reinvent itself. The last decades...
Persistent link: https://www.econbiz.de/10013465693
Cover Image
Bayesian repeated games and reputations
Forges, Françoise; Salomon, Antoine - 2014
equilibria share some features with the ones of multi-sided reputation models. …
Persistent link: https://www.econbiz.de/10010256693
Cover Image
How does competition affect reputation concerns? : theory and evidence from Airbnb
Rossi, Michelangelo - 2019
I show how changes in competition affect the power of reputation to induce sellers to exert effort. The impact of …. To guide the empirical analysis, I develop a model of reputation where the relative number of hosts and guests affects … the value of building a reputation through effort. In this framework, more competition depresses hosts' profits and leads …
Persistent link: https://www.econbiz.de/10012138911
Cover Image
Barter, liquidity and market segmentation
Prendergast, Canice; Stole, Lars A. - 2001
This paper explores the private and social benefits from barter exchange in a monetized economy. We first prove a no-trade theorem regarding the ability of firms with double-coincidences-of-wants to negotiate improvements in trade among themselves relative to the market outcomes. We then...
Persistent link: https://www.econbiz.de/10011400851
Cover Image
Competing with asking prices
Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - 2016
In many markets, sellers advertise their good with an asking price. This is a price at which the seller will take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the seller...
Persistent link: https://www.econbiz.de/10011488000
Cover Image
The principal-agent matching market
Dam, Kaniska - 2003
We propose a model based on competitive markets in order to analyse an economy with several principals and agents. We model the principal-agent economy as a two-sided matching game and characterise the set of stable outcomes of this principal-agent matching market. A simple mechanism to...
Persistent link: https://www.econbiz.de/10011507906