Showing 1 - 10 of 165
In this paper, we consider two classes of economic environments. In the first type, agents are faced with the task of providing local public goods that will benefit some or all of them. In the second type, economic activity takes place via formation of links. Agents need both to both form a...
Persistent link: https://www.econbiz.de/10005247858
There has been an extensive research literature on auctions, but recent developments in technology have resulted in new interest in auction mechanisms as a practical way of allocating resources. This paper presents a new double-auction mechanism to handle resource allocation for public goods...
Persistent link: https://www.econbiz.de/10009218216
We consider collective choice problems where a set of agents have to choose an alternative from a finite set and agents may or may not become users of the chosen alternative. An allocation is a pair given by the chosen alternative and the set of its users. Agents have gregarious preferences over...
Persistent link: https://www.econbiz.de/10005823903
We discuss how technologies of peer punishment might bias the results that are observed in experiments. A crucial parameter is the “fine-to-fee” ratio, which describes by how much the punished subjects income is reduced relatively to the fee the punishing subject has to pay to inflict...
Persistent link: https://www.econbiz.de/10005823937
We consider a set of agents who have to choose one alternative among a finite set of social alternatives. A final allocation is a pair given by the selected alternative and the group of its users. Agents have crowding preferences over allocations: between any pair of allocations with the same...
Persistent link: https://www.econbiz.de/10008498413
In the context of the provision of one pure public good, we raise the following question : how large can a preference domain be to allow for the existence fo strategy-proof rules satisfying the no vetoer condition? This question is qualified by the additional requirement that a domain should...
Persistent link: https://www.econbiz.de/10005168486
Decision-makers are sometimes influenced by the way in which choice situations are presented to them or "framed" This can be seen as an important challenge to the social sciences, since strong and pervasive framing effects would make it difficult to study human behavior in a synthetic or...
Persistent link: https://www.econbiz.de/10005168509
As a response to the rapidly growing empirical literature on social capital and the evidence of its correlation with government performance, we build a theoretical framework to study the interactions between social capital and government's action. This paper presents a model of homogeneous...
Persistent link: https://www.econbiz.de/10005582628
In the framework of the provision of one pure public good, we characterize the class of strategy-proof voting schemes on single-plateaued preferences over a convex and closed subset of the real line (the set of feasible levels of the public good).
Persistent link: https://www.econbiz.de/10005582664
This paper argues that the architecture of a codebase is a critical factor that lies at the heart of the open source development process. We define two observable properties of an architecture: (1) modularity and (2) option value. Developers can often make informed judgments about modularity and...
Persistent link: https://www.econbiz.de/10009191452