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Axiomatizations of a positional power score and measure for hierarchies
Brink, René van den; Steffen, Frank - 2008
Persistent link: https://www.econbiz.de/10003811430
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Why does centralisation fail to internalise policy externalities?
Dur, Robert A. J.; Roelfsema, Hein J. - 2003 - Rev.
We provide an explanation why centralisation of political decision makingresults in overspending in some policy domains …
Persistent link: https://www.econbiz.de/10011326940
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Deliberation, information aggregation and collective decision making
Swank, Otto H.; Wrasai, Phongthorn - 2003
We study a model of collective decision making with endogenous information collection.Agents collect information about … decision is made. The reason for this result is that communicationmay aggravate the free-rider problem associated with …
Persistent link: https://www.econbiz.de/10011325966
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An economic theory of policy advice
Swank, Otto H.; Letterie, Wilko A.; Dalen, Hendrik P. van - 1997
Persistent link: https://www.econbiz.de/10000970064
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A dynamic model of investor decision-making : how adaptation to losses affects future selling decisions
Lee, Carmen; Kräussl, Roman; Lucas, André; Paas, … - 2008
performance, together influence the decision to hold on to or to capitulate on an investment. We study the relative contribution … decision to capitulate an investment, however, only depends directly on the expectation about the stock’s future performance …. The adaptation level, by contrast, affects the actual investment decision indirectly via its impact on expectations. …
Persistent link: https://www.econbiz.de/10011377365
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Directed search in the housing market
Albrecht, James W.; Gautier, Pieter; Vroman, Susan B. - 2010
Persistent link: https://www.econbiz.de/10003934200
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Directed search in the housing market
Albrecht, James W.; Gautier, Pieter; Vroman, Susan B. - 2009
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the way houses are bought and sold in the United States. Our model is consistent with the observation that houses are sometimes sold above, sometimes below and sometimes at the...
Persistent link: https://www.econbiz.de/10011379608
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Maximin play in two-person bimatrix games
Pruzhansky, Vitaly - 2003
Since the seminal paper of Nash (1950) game theoretic literature has focused mostly on equilibrium and not on maximin (minimax) strategies. We study the properties of these strategies in 2-player non-zero-sum strategic games, whose Nash equilibria are only mixed.
Persistent link: https://www.econbiz.de/10011334334
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Pareto efficiency in the jungle
Houba, Harold; Luttens, Roland Iwan; Weikard, Hans-Peter - 2014
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/10010421741
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Politicians' motivation, political culture, and electoral competition
Beniers, Klaas J.; Dur, Robert A. J. - 2005
We study electoral competition among politicians who are heterogeneous both in competence and in how much they care about (what they perceive as) the public interest relative to the private rents from being in office. We show that politicians may have stronger incentives to behave...
Persistent link: https://www.econbiz.de/10011335188