Showing 1 - 10 of 88
An important result in convex analysis is the duality between a closed convex set and its support function. We exploit this duality to develop a novel geometric approach to mechanism design. For a general class of social choice problems we characterize the feasible set, which is closed and...
Persistent link: https://www.econbiz.de/10010316902
This paper investigates to what extent voters and politicians have the same preferences for locally provided welfare services. We make use of two different types of survey questionnaires; one directed towards voters and one directed towards politicians. We reach two main conclusions in the...
Persistent link: https://www.econbiz.de/10010321520
We analyze the factors that influence the support for environmental policy proposals. Swiss referendum data show that proposals obtain more yes-votes if they do not restrict consumption possibilities directly, if they are endorsed by the largest business association, if environmental preferences...
Persistent link: https://www.econbiz.de/10010315545
This paper examines the optimal allocation of risk in an overlapping-generations economy It compares the allocation of … risk the economy reaches naturally to the allocation that would be reached if generations behind a Rawlsian 'veil of …
Persistent link: https://www.econbiz.de/10010293496
that bureaucrats are able to, and do indeed, affect the allocation of grants within municipalities to support own goals. …
Persistent link: https://www.econbiz.de/10010273940
Persistent link: https://www.econbiz.de/10013342548
that there is a fundamental difference in re-allocation measured by the ALP decomposition and that measured by the …
Persistent link: https://www.econbiz.de/10010397786
competitiveness and sufficiently separates individuals who choose different effort levels, the market allocation is Pareto superior to … a social planner's allocation. We construct a specific market game that naturally generates robust equilibria with these …
Persistent link: https://www.econbiz.de/10010315537
We introduce reward money into the provision point mechanism with refunds. Reward money is distributed among the contributors in proportion to their contributions only when the provision point is not reached. In environments without aggregate uncertainty, the provision point is always reached in...
Persistent link: https://www.econbiz.de/10010316819
We study the stability of voluntary cooperation in response to varying group growth rates. Using a laboratory public-good game, we construct a situation where increasing group size yields potential efficiency gains, but only with sustained cooperation. We then study the effect of exogenously...
Persistent link: https://www.econbiz.de/10010316831