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. Strong reciprocity means that people willingly repay gifts and punish the violation of cooperation and fairness norms even in …
Persistent link: https://www.econbiz.de/10011514175
makers , understanding of the final stage of the procedure bargaining in the Conciliation Committee is crucial. Here, EP and … bargaining theory to predict inter-institutional agreements in the Conciliation Committee, it turns out that although …
Persistent link: https://www.econbiz.de/10011509443
incomplete information, however, going to court may be an equilibrium or ex ante Pareto-superior over settlement; this is …
Persistent link: https://www.econbiz.de/10011410656
-contractible up-front investments to improve their bargaining position and gain advantage for possible future conflict. Bargaining is … are lower than under Bargaining when one player is much stronger than the other. Second, the probability of the stronger … player winning in Conflict is higher than the share received under Nash bargaining. We thus provide a rationale for conflict …
Persistent link: https://www.econbiz.de/10012156576
Traditional power indices ignore preferences and strategic interaction. Equilibrium analysis of particular non …
Persistent link: https://www.econbiz.de/10011410230
characteristics to others. The model is one of rational voting and generates the following predictions: (i) The paradox of not voting … does not arise, because the benefit of voting does not vanish with population size. (ii) Turnout in elections is positively … related to the size of the local community and the importance of social interactions. (iii) Voting may exhibit bandwagon …
Persistent link: https://www.econbiz.de/10009489028
characteristics to others. The model is one of rational voting and generates the following predictions: (i) The paradox of not voting … does not arise, because the benefit of voting does not vanish with population size. (ii) Turnout in elections is positively … related to the importance of social interactions. (iii) Voting may exhibit bandwagon effects and small changes in the …
Persistent link: https://www.econbiz.de/10009672366
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/10008697133
We present a theory to explain government procrastination as a consequence of its present-bias resulting from the political uncertainty in a two-party political system. We show that under a two-party political system the party in office tends to be present-biased. This may lead to inefficient...
Persistent link: https://www.econbiz.de/10009412378
effects that shape opening offers, bargaining duration, concessions and reached (dis-)agreements. We argue that entitlements …
Persistent link: https://www.econbiz.de/10011409699