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What is the strategic role of membership in an intergovernmental group with unanimity requirements if the group negotiates with an external player in a setting with incomplete information? Being in such a group has a strategic effect compared to negotiating as a stand-alone player and reduces...
Persistent link: https://www.econbiz.de/10013089384
We examine an endogenous, sunk budget extension of Myerson's (1993) two-candidate model of political competition in which candidates simultaneously allocate an exogenous level of a use-it-or-lose-it persuasive advertising resource across a homogeneous electorate of unit measure. We completely...
Persistent link: https://www.econbiz.de/10013006110
Clustering and lack of sufficient diversification in research strategies has been identified as an important problem for delegated research as it takes place in design contests by Erat and Krishnan (2012). We show that this problem can be solved by local competition (such as bribery, lobbying or...
Persistent link: https://www.econbiz.de/10013045491
We study collective action under adverse incentives: each member of the group has a given budget ('use-it-or-lose-it') that is his private information and that can be used for contributions to make the group win a prize and for internal fights about this very prize. Even in the face of such...
Persistent link: https://www.econbiz.de/10013215087
information about these preferences, and the distribution of capabilities for individual decision-making. The theory explains the …
Persistent link: https://www.econbiz.de/10014254708