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The theory of equalising differences recognises that wage differentials may be required to equalise the attractiveness of alternative occupations. We examine this theory using the Conley/Wooders 'crowding types'' model. The crowding types model distinguishes between the tastes of a player and...
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If one assumes that voters are rational, the most plausible explanation for high voter turnouts seems to be that agents receive benefits from the act of voting itself. We show that public-spirited agents have an evolutionary advantage over those who are not as public-spirited for a range of...
Persistent link: https://www.econbiz.de/10008563155
Female primates carry and nurse the fetus, and thus have the first responsibility for rearing the offspring. Assuming males are at least equally adept at obtaining food, males might either share surplus food with females or consume the food themselves. The distribution of this surplus is the...
Persistent link: https://www.econbiz.de/10005094773
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We introduce the concept of a parameterized collection of games with limited side payments, ruling out large transfers of utility. With convexity of the payoff set of the grand coalition, we show that (1) a game with limited side payments has a nonempty epsilon-core and (2) when some degree of...
Persistent link: https://www.econbiz.de/10008562870
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