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Different evaluators typically disagree how to rank different candidates since they care more or less for the various qualities of the candidates. It is assumed that all evaluators submit vector bids assigning a monetary bid for each possible rank order. The rules must specify for all possible...
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in the way captured by the voting paradox. The rule allows people to select a final collective ranking by submitting a … fairness ; Voting paradox …
Persistent link: https://www.econbiz.de/10009500726
Though the social choice of social institutions or social results is impossible there is, strictly speaking, no social choice individual evaluations of social institutions or results trivially are possible. Such individual evaluations can be deemed liberal either because they emphasize political...
Persistent link: https://www.econbiz.de/10003765995
Unanimous voting as the fundamental procedural source of political legitimacy grants veto power to each individual. We …
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On a heterogeneous experimental oligopoly market, sellers choose a price, specify a set-valued prior-free conjecture about the others' behavior, and form their own profit-aspiration for each element of their conjecture. We formally define the concepts of satisficing and prior-free optimality and...
Persistent link: https://www.econbiz.de/10003766614
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We study ultimatum and dictator experiments where the first mover chooses the amount of money to be distributed between the players within a given interval, knowing that her own share is fixed. Thus, the first mover is faced with scarcity, but not with the typical trade-off between her own and...
Persistent link: https://www.econbiz.de/10003883008
straightforward behavior is predicted by Harsanyi and Selten's (1988) equilibrium selection theory as well as alternative solution …
Persistent link: https://www.econbiz.de/10008689027
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