This paper employs the theory of strategic market games (enhanced with a spatial dimension) in order to study the issue of market location in a perfectly competitive setup. In this framework, each player decides strategically where and what quantities she wishes to trade and, hence, the market...

Vote trading in power-sharing systems -i.e., systems in which a voter's utility with respect to the election's outcome is proportional to the vote share of her favourite party- is, in theory, welfare improving. However, trading votes for money in majoritarian systems may have detrimental welfare...