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This article examines how a decision maker who is only partially aware of his temptations learns about them over time. In facing temptations, individuals use their experience to forecast future self-control problems and choose the appropriate level of commitment. I demonstrate that rational...
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We endogenize social network formation and collective enforcement using a model in which players interact bilaterally and repeatedly along costly links. Cooperation is supported by the threat of collective punishments that spread through the network. Optimal networks are attainable in...
Persistent link: https://www.econbiz.de/10011004622
Some individuals vote because they are motivated by a civic duty to do so, whereas others may vote because they wish to appear prosocial to others. This paper proposes a simple framework that captures these motivations, and provides results consistent with findings on turnout, e.g., that turnout...
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This paper examines the relationship between the concentration of political power in legislative bargaining and the predictability of the process governing the recognition of legislators. Our main result establishes that, for a broad class of legislative bargaining games, if the recognition...
Persistent link: https://www.econbiz.de/10010796681
I examine the consequences of letting players compete for bargaining power in a multilateral bargaining game. In each period, the right to propose an offer is sold to the highest bidder, and all players pay their bids. If players vote according to any rule in which no player has veto power, then...
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