Showing 1 - 10 of 810
Public Goods Provision problem is studied using a new modeling tool which enables us to find various equilibria of the game, which are robust to any functional form specification.
Persistent link: https://www.econbiz.de/10008556307
Unequally-distributed resources, whether people’s income or competence, are ubiquitous in our real world. Whether to promote competition or to lead to a more equal environment is often in question in societies or organizations. With heterogeneous endowments, we let subjects collectively choose...
Persistent link: https://www.econbiz.de/10011113335
This paper analyses leadership and charisma within the framework of social choice. In societies that lack formal institutional authorities, the power of leaders to coerce is limited. Under such conditions, we find that social outcomes will depend not only on policy preferences but also on how a...
Persistent link: https://www.econbiz.de/10005789794
The paper discusses opportunities to utilize the series of micro-blogs as provided by the Twitter in observation of opinion dynamics. The spontaneity of tweets is more, as the service is attached more to the mobile communications. The extraction of information in the series of tweets is...
Persistent link: https://www.econbiz.de/10008695068
Missing from the analysis of customs unions has been a consideration of collective decisionmaking by countries regarding the union’s common trade policy. In the case of the common European external tariff, how governments voted was not public information. This paper uses a unique dataset to...
Persistent link: https://www.econbiz.de/10005623283
Since the 1987 Single European Act, the European Union has deepened its integration process. In the case of the determination of the common external tariff, deeper integration implies that the tariff reflected union-wide preferences. If integration is still shallow, though, the observed tariff...
Persistent link: https://www.econbiz.de/10005835750
This paper models the distribution of pork barrel when the electoral benefit of pork does not accrue to the party in … power but to the incumbent of the district where the pork was directed. The model shows that, under certain parametres, more … pork goes to core support districts. To verify this claim empirically, I first study the distribution of projects …
Persistent link: https://www.econbiz.de/10009322620
Gale and Shapley (1962) proposed the deferred-acceptance algorithm for matching (i) college applicants and colleges and (ii) men and women. In the case of the latter, it produces either one or two stable matches whereby no man and woman would prefer to be matched with each other rather than with...
Persistent link: https://www.econbiz.de/10011109567
In this paper, we study many-to-one matching (hospital-intern markets) with an aftermarket. We analyze the Nash equilibria of capacity allocation games, in which preferences of hospitals and interns are common knowledge and every hospital determines a quota for the regular market given its total...
Persistent link: https://www.econbiz.de/10005619519
In this paper, we study the long-played, yet until now unmodeled, college admissions game over early admissions plans using a many-to-one matching framework. We characterize the equilibrium strategies of each college involving its early quota out of its total capacity, and the set of admissible...
Persistent link: https://www.econbiz.de/10005789464