Similar Search Results

Costly Voting: Theoretical and Experimental Results on Commons Dilemmas in Spatial Committee Games

Wilson, Rick K.; Herzberg, Roberta; Elliott, Mark - 1993

"Our focus in this paper is with the transaction costs inherent in most decision making settings. We specifically investigate an "institution free" collective choice mechanism that includes costs to calling votes. A set of models show that under low costs (i.e., where no cost-induced equilibrium...

Persistent link: https://www.econbiz.de/10009468404

Why Fairness? Facial Expressions, Evolutionary Psychology, and the Emergence of Fairness in Simple Bargaining Games

Eckel, Catherine; Wilson, Rick K. - 1999

"One of the successes in contemporary social science is the development and proliferation of game theory. For a wide … range of phenomena, game theory produces enormous insight into the strategic interaction of individuals. Its greatest power …, information aggregation or when confronting large-scale social dilemmas. However, as Ostrom (1998) reminds us, game theory also …

Persistent link: https://www.econbiz.de/10009468443

Equilibrium Results in Committee Settings: Theory and Experiments on Decision Costs

Herzberg, Roberta; Wilson, Rick K. - 1987

"In this paper we formulate a cost-induced equilibrium concept. This equilibrium is generated from transaction costs connected with a sequential agenda process. Our claim is that most collective choice Institutions carry with them decision costs. If these transaction costs are very large, they...

Persistent link: https://www.econbiz.de/10009468499