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In a model of evolution driven by conflict between societies more powerful states have an advantage. When the influence of outsiders is small we show that this results in a tendency to hegemony. In a simple example in which institutions differ in their "exclusiveness" we find that these...
Persistent link: https://www.econbiz.de/10010950707
We analyze a model of US presidential primary elections for a given party. There are two candidates, one of whom is a higher quality candidate. Voters reside in m different states and receive noisy private information about the identity of the superior candidate. States vote in some order, and...
Persistent link: https://www.econbiz.de/10010821672
Early nineteenth century New England banking exhibited high levels of lending to directors and their associates (i.e., connected lending). Today many think this arrangement can lead to inefficiency and financial fragility. This paper explores the decision making processes inside these banks and...
Persistent link: https://www.econbiz.de/10005777625
represented by a legislator in the Congress. Legislative process is modeled as a multilateral sequential bargaining game à la … Baron and Ferejohn (1989). Some surprising results emerge: bargaining can be welfare-worsening for all participants … bargaining strategies. …
Persistent link: https://www.econbiz.de/10009228889
bargaining power is symmetrically distributed, and in that case the ex ante expected welfare of each district is lower without …
Persistent link: https://www.econbiz.de/10009652772
Who chooses suicide attacks? Though rebels typically target poor countries, suicide attacks are just as likely to target rich democracies. Though many groups have grievances, suicide attacks are favored by the radical religious. Though rebels often kill coreligionists, they seldom use suicide...
Persistent link: https://www.econbiz.de/10005829597
after the end of the process and fully exploit their bargaining leverage, then patent holders aspire to disclose always …
Persistent link: https://www.econbiz.de/10011227944
We randomly vary religious identity salience in laboratory subjects to test how identity salience contributes to six hypothesized links from prior literature between religious identity and economic behavior. We find that religious identity salience makes Protestants increase contributions to...
Persistent link: https://www.econbiz.de/10008615794
Decentralization can lead to "good" or "bad" outcomes depending on the socio-cultural norms of the targeted communities. We investigate this issue by looking at the evolution of familism and nepotism in the Italian academia before and after the 1998 reform, which decentralized the recruitment of...
Persistent link: https://www.econbiz.de/10009359917
This paper treats programs in which firms voluntarily agree to meet environmental standards as "green clubs": clubs, because they provide non-rival but excludable reputation benefits to participating firms; green, because they also generate environmental public goods. The model illuminates a...
Persistent link: https://www.econbiz.de/10008764659