Showing 1 - 9 of 9
In this paper we introduce communication into intergroup ultimatum bargaining in a lab. The responder groups vote whether to accept the proposals with unanimity required either for acceptance or for rejection. In contrast with the no-communication results reported in our previous study...
Persistent link: https://www.econbiz.de/10010578291
We analyze existence of divergent equilibria in a model of endogenous party platforms with stochastic membership, while the membership depends bothon the proposals of the parties and the unobserved idiosyncratic preferecnces of citizens over parties. It is shown that when citizens view the...
Persistent link: https://www.econbiz.de/10010781647
We consider a committee with common interests. Committee members do not know which of two alternatives is the best, but each member may acquire privately a costly signal before casting a vote under either majority or unanimity rule. In the lab, as predicted by Bayesian equilibrium, voters are...
Persistent link: https://www.econbiz.de/10010781649
In this paper I consider choice correspondences defined on an extended domain: the decisions are assumed to be taken not by individuals, but by committees and, in addition to the budget sets, committee composition is observable and variable. For the case of varying committees choosing over a...
Persistent link: https://www.econbiz.de/10010538934
Many rent-sharing decisions in a society are result from a bargaining process between groups of individuals (such as between the executive and the legislative branches of government, between legislative factions, between corporate management and shareholders, etc.). The purpose of this work is...
Persistent link: https://www.econbiz.de/10005797730
It is shown that in a generic two-jurisdiction model of the type introduced by Caplin and Nalebuff (1997), the number of sorting equilibria (with jurisdictions providing distinct policies) is finite and even.
Persistent link: https://www.econbiz.de/10005797732
We report results of an experimental study of multi-object uniform and discriminatory-price auctions in an environment of publicly known common values, concentrating on an environment where theory predicts sharply different results of the two auction formats. We find that the bidding behavior in...
Persistent link: https://www.econbiz.de/10005670832
In a social choice model with an infinite number of agents, there may occur "equal size" coalitions that a preference aggregation rule should treat in the same manner. We introduce an axiom of equal treatment with respect to a measure of coalition size and explore its interaction with common...
Persistent link: https://www.econbiz.de/10005670842
All sovereign governments face a commitment problem: how can they promise to honor their own agreements? The standard solutions involve reputation or political institutions capable of tying the hands of the government. Mexico's government in the 1880s used neither solution. It compensated its...
Persistent link: https://www.econbiz.de/10005670846