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One feature of legislative bargaining in naturally occurring settings is that the distribution of seats or voting weights often does not accurately reflect bargaining power. Game-theoretic predictions about payoffs and coalition formation are insensitive to nominal differences in vote...
Persistent link: https://www.econbiz.de/10012822445
In this paper, we introduce a skewness-adjusted social-preferences functional, which models social preferences as a function of the skewness of the human capital distribution. We hypothesize that the “elite” of the society becomes more selfish with increasing skewness of the human-capital...
Persistent link: https://www.econbiz.de/10012822446
We introduce a three-person redistribution game with preplay communication. Three focal points of the game are derived from different equity standards and Rawls' difference principle. An experimental test confirms our hypothesis that equity in terms of effort-proportionality is not pursued at...
Persistent link: https://www.econbiz.de/10014003744