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We distinguish between (i) voting systems in which voters can rank candidates and (ii) those in which they can grade … candidates, such as approval voting, in which voters can give two grades—approve (1) or not approve (0)—to candidates. While two …
Persistent link: https://www.econbiz.de/10011212580
contracting games. We, also, show that an equilibrium of a game survives iterated elimination of non-reactive strategies. At the …
Persistent link: https://www.econbiz.de/10008866150
employing the stochastic replicator dynamics driven by Lévy process. A new game equilibrium, i.e., the game equilibrium of a …
Persistent link: https://www.econbiz.de/10011110067
employing the stochastic replicator dynamics driven by Lévy process. A new game equilibrium, i.e., the game equilibrium of a …
Persistent link: https://www.econbiz.de/10011110371
This research examines how the reliance on emotional feelings as a heuristic influences the proposal of offers in negotiations. Results from three experiments based on the classic ultimatum game show that, compared to proposers who do not rely on their feelings, proposers who rely on their...
Persistent link: https://www.econbiz.de/10005619835
. The experiment uses a simple bargaining situation. A player can make a strategic move of committing to not seeing what the …
Persistent link: https://www.econbiz.de/10005622106
maximizing the per capita surplus over the wage. The privatization process is then described as a bargaining process between the …
Persistent link: https://www.econbiz.de/10009148015
This paper uses the political economy model of Battaglini and Coate (2008) to analyze the impact of a balanced budget rule that requires that legislators do not run deficits. It considers both a strict rule which cannot be circumvented and a rule that can be overridden by a super-majority of...
Persistent link: https://www.econbiz.de/10008684865
Exploration is a costly activity that helps a business improve their understanding of a potential mineral deposit. Yet, even with strong exploration results, the business faces uncertainty over the value of the mine. I model this situation as a game of chance. The game starts by giving an agent...
Persistent link: https://www.econbiz.de/10011274395
This paper aims at presenting a new voting function which is obtained in Balinski-Laraki's framework and benefits mean …, neutrality, anonymity, monotonicity, and Arrow's independence of irrelevant alternatives. It also generalizes approval voting …
Persistent link: https://www.econbiz.de/10011274903