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Important decisions are often determined by group vote. Institutional provisions may stipulate who has the authority to determine the group's agenda. According to cooperative game theory, this privilege gives the leader a great deal of power to control the outcome. In a series of experiments,...
Persistent link: https://www.econbiz.de/10010812798
The authors examine how negotiators' risk preferences influence the formation of coalitions. Joining a coalition may either increase or mitigate risk depending on the nature of the bargaining problem. In an experimental setting, the authors test whether relative risk preferences influence the...
Persistent link: https://www.econbiz.de/10010802108
Classical Weberian models of bureaucratic influence emphasize expertise as a source of political power. Recent economic models suggest that bureaucratic expertise springs from control over the agenda of voting bodies. This article differentiates the two types of bureaucratic influence and...
Persistent link: https://www.econbiz.de/10010812281