Showing 1 - 10 of 14
We consider a two-person Cournot game of voluntary contributions to a public good with identical individual preferences, and examine equilibrium aggregate welfare under a separable, symmetric and concave social welfare function. Assuming the public good is pure, Itaya, de Meza and Myles (Econ....
Persistent link: https://www.econbiz.de/10003808609
We model an infinitely repeated Tullock contest, over the sharing of some given resource, between two ethnic groups. The resource is allocated by a composite state institution according to relative ethnic control; hence the ethnic groups contest the extent of institutional ethnic bias. The...
Persistent link: https://www.econbiz.de/10011289899
We examine how cross-community cost or benefit spillovers, arising from the consumption of group-specific public goods, affect both inter-group conflicts over the appropriation of such goods and decentralized private provision for their production. Our model integrates production versus...
Persistent link: https://www.econbiz.de/10012295566
We model a contest between two groups of equal population size over the division of a group-specific public good. Each group is fragmented into sub-groups. Each sub-group allocates effort between production and contestation. There is perfect coordination within sub-groups, but sub-groups cannot...
Persistent link: https://www.econbiz.de/10011704216
We model a rent-seeking contest among two "identity ideologues", differentially located along a uni-dimensional identity continuum, and a "mercenary", who can choose any location in-between. The contest jointly awards an identity-relevant good ("religion") and an identity-irrelevant good...
Persistent link: https://www.econbiz.de/10015064493
predictive content of the traditional theory of competitive supply. A number of key results in the deterministic theory follow as … predictive content of the classical theory of competitive firm behavior from its a priori roots in profit maximization, while … subsuming the traditional theory as a special case. -- Supply aggregation ; stochastic supply function ; stochastic consistency …
Persistent link: https://www.econbiz.de/10003810898
In developing societies, social norms typically ascribe differential weights to paternal, maternal and communal (or state) contributions to children's expenses. Individuals internalize these valuations. I examine a Cournot model of voluntary contribution to children's goods in a two-adult...
Persistent link: https://www.econbiz.de/10003908633
in the standard revealed preference theory of consumers’ behaviour. These results are however derived for demand … preference approach to the theory of consumers' behaviour, this note establishes such results for demand correspondences; the …
Persistent link: https://www.econbiz.de/10003942309
-317, 1971) and Dasgupta and Pattanaik (Econ Theory 31: 35-50, 2007) fall out as corollaries. Thus, conditions are established … axiomatic foundation for a general revealed preference theory of choice behaviour. -- Stochastic choice correspondence …
Persistent link: https://www.econbiz.de/10003923591
Lenders condition future loans on some index of past performance. Typically, banks condition future loans on repayments of earlier obligations whilst international organizations (official lenders) condition future loans on the implementation of some policy action (‘investment’). We build an...
Persistent link: https://www.econbiz.de/10003923918