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America, we are told, is a nation divided. The cartographers who draw up the maps of U.S. election results have branded a new division in American politics: Republican red versus Democratic blue. What is the source of this division? Most observers point not to the bread-and-butter economic...
Persistent link: https://www.econbiz.de/10005819863
Organizations often distribute resources through weighted voting. We analyze this setting using a noncooperative bargaining game based on the Baron-Ferejohn (1989) model. Unlike analyses derived from cooperative game theory, we find that each voter's expected payoff is proportional to her voting...
Persistent link: https://www.econbiz.de/10005571009