Showing 1 - 2 of 2
Many types of public goods can be produced privately by profit-seeking entrepreneurs using a modified form of assurance contract, called a dominant assurance contract. The author models the dominant assurance contract as a game and shows that the pure strategy equilibrium has agents contributing...
Persistent link: https://www.econbiz.de/10005709159
Different voting systems can lead to different election outcomes even when voter preferences are held constant. Using the 1992 election as an example, it is shown how the outcome of every positional vote system can be found. Similarly, every possible cumulative and approval vote outcome is...
Persistent link: https://www.econbiz.de/10005542617