Narrow search
Showing 1 - 10 of 126
Cover Image
Bargaining in the Presence of Condorcet Cycles: The Role of Asymmetries
Kamm, Aaron; Houba, Harold - 2015
recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the … equilibrium predictions. The main deviations from theory are: a) Subjects under-exploit their bargaining power by being more … asymmetries have on bargaining power, especially when the asymmetries relate to recognition probabilities. …
Persistent link: https://www.econbiz.de/10011288420
Cover Image
The Condorcet Paradox Revisited
Herings, P. Jean-Jacques; Houba, Harold - 2010
We analyze the simplest Condorcet cycle with three players and three alternatives within a strategic bargaining model …
Persistent link: https://www.econbiz.de/10010325975
Cover Image
The Prediction Value
Koster, Maurice; Kurz, Sascha; Lindner, Ines; Napel, Stefan - 2013
We introduce the prediction value (PV) as a measure of players' informational importance in probabilistic TU games. The latter combine a standard TU game and a probability distribution over the set of coalitions. Player i's prediction value equals the difference between the conditional...
Persistent link: https://www.econbiz.de/10010328331
Cover Image
On the Size of the Winning Set in the Presence of Interest Groups
Sadiraj, Vjollca; Tuinstra, Jan; van Winden, Frans - 2005
Interest groups are introduced in a spatial model of electoral competition between two political parties. We show that the presence of these interest groups increases the winning set, which is the set of policy platforms for the challenger that will defeat the incumbent. Therefore interest...
Persistent link: https://www.econbiz.de/10010325221
Cover Image
On Committees of Experts
Visser, Bauke; Swank, Otto H. - 2005
A committee makes a decision on a project on behalf of the public. Members of the committee agree on the a priori value of the project, and hold additional private information about its consequences. They are experts who care about the value of the project and about being considered well...
Persistent link: https://www.econbiz.de/10010325304
Cover Image
Transparency and Pre-meetings
Swank, Job; Swank, Otto; Visser, Bauke - 2006
Some committees are made up of experts, persons interested in both the (subject) matter at hand and in coming across as able decision-makers. Such committees would like to conceal disagreement from the public. We present a theory that describes the reaction of experts to the requirement to...
Persistent link: https://www.econbiz.de/10010325475
Cover Image
Is Transparency to no avail? Committee Decision-making, Pre-meetings, and Credible Deals
Swank, Otto H.; Visser, Bauke - 2007
Transparent decision-making processes are widely regarded as a prerequisite for the working of a representative democracy. It facilitates accountability, and citizens may suspect that decisions, if taken behind closed doors, do not promote their interests. Why else the secrecy? We provide a...
Persistent link: https://www.econbiz.de/10010325540
Cover Image
Identification of Voters with Interest Groups improves the Electoral Chances of the Challenger
Sadiraj, Vjollca; Tuinstra, Jan; van Winden, Frans - 2009
Interest groups are introduced in a spatial model of electoral competition between two political parties. We show that, by coordinating voting behavior,these interest groups increase the winning set, which is defined as the set of policy platforms for the challenger that will defeat the...
Persistent link: https://www.econbiz.de/10010325751
Cover Image
Voting right rotation, behavior of committee members and financial market reactions: Evidence from the U.S. Federal Open Market Committee
Ehrmann, Michael; Tietz, Robin; Visser, Bauke - 2021
Whether Federal Reserve Bank presidents have the right to vote on the U.S. monetary policy committee depends on a mechanical, yearly rotation scheme. Rotation is without exclusion: also nonvoting presidents attend and participate in the meetings of the committee. Does voting status change...
Persistent link: https://www.econbiz.de/10012606016
Cover Image
Choosing Voting Systems behind the Veil of Ignorance: A Two-Tier Voting Experiment
Weber, Matthias - 2014
There are many situations in which different groups make collective decisions by committee voting, with each group represented by a single person. A natural question is what voting system such a committee should use. Concepts based on voting power provide guidelines for this choice. The two most...
Persistent link: https://www.econbiz.de/10010377196