Showing 1 - 10 of 98
I show that a unique equilibrium exists in an asymmetric two-player all-pay auction with a discrete signal structure, correlated signals, and interdependent valuations. The proof is constructive, and the construction can be implemented as a computer program and be used to derive comparative...
Persistent link: https://www.econbiz.de/10010930796
The paper addresses the mechanism design problem of eliciting truthful information from a committee of informed experts who collude in their information disclosure strategies. It is shown that under fairly general conditions full information disclosure is possible if and only if the induced...
Persistent link: https://www.econbiz.de/10010702847
We consider an election in which each voter can collect information of different precision. Voters have asymmetric information and preferences that vary both in terms of ideology and intensity. In contrast to all other models of voting with endogenous information, in equilibrium voters collect...
Persistent link: https://www.econbiz.de/10010665757
I examine the consequences of letting players compete for bargaining power in a multilateral bargaining game. In each period, the right to propose an offer is sold to the highest bidder, and all players pay their bids. If players vote according to any rule in which no player has veto power, then...
Persistent link: https://www.econbiz.de/10011189762
When campaigning for reelection, incumbent parties' promises to voters are constrained by their records in office, while opposition parties can use their time away from power to develop new platforms. In this paper, I introduce incumbent policy persistence in a dynamic game of electoral...
Persistent link: https://www.econbiz.de/10010785022
I consider a repeated divide-the-dollar voting model with rejections leading to the implementation of the previous period's allocation (see Kalandrakis [14]). I show that if proposals can be non-exhaustive, then equal division can be achieved as an absorbing steady state from any initial...
Persistent link: https://www.econbiz.de/10010785024
I propose a game-theoretic model of costly voting that predicts significant turnout rates even when the electorate is arbitrarily large. The model has two key features that jointly drive the result: (i) some agents are altruistic (or ethical), (ii) among the agents who prefer any given...
Persistent link: https://www.econbiz.de/10011042956
This note complements Aragonès and Palfrey (2002) [2] by providing upper and lower bounds of the equilibrium payoff of the advantaged (disadvantaged) candidate for any symmetric distribution of the median voterʼs ideal policy and any (even or odd) number of equidistant locations. These bounds...
Persistent link: https://www.econbiz.de/10011042959
We consider dynamic decision making in a legislature, in which in each period legislators vote between the status quo (previous periodʼs policy) and a new bill. However, the agenda formation process is captured by interest groups, that is, the new bill on the agenda is determined by an all-pay...
Persistent link: https://www.econbiz.de/10011042989
We compare voluntary and compulsory voting in a Condorcet-type model in which voters have identical preferences but differential information. With voluntary voting, all equilibria involve sincere voting and positive participation. Thus, in contrast to situations with compulsory voting, there is...
Persistent link: https://www.econbiz.de/10011043002