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a coalition agreement, pre-election coalitions of onesort or another are actually quite common. In almost half of the … we shall instead look more at the agent-level logic of ‘early’ (pre-election)versus ‘late’ (post-election) coalition …
Persistent link: https://www.econbiz.de/10005866941
The core is reformulated to incorporate the externality typical in strategic formgames. Any coalition of players may … deviate by trying to commit to a profile of actionsdifferent from a status quo. The outsiders of the coalition may take a … coordinatedmeasure, incentive-feasibly for themselves, to preempt the coalition’s commitment. If acoalition succeeds in committing to its …
Persistent link: https://www.econbiz.de/10009360771
This lecture is a brief overview of an evolutionary theory of fairness. The ideasare fleshed out in a book Natural Justice, which is itself a condensed versionof an earlier two-volume book Game Theory and the Social Contract (Binmore[14, 12, 13])...
Persistent link: https://www.econbiz.de/10005865994
Conventions can be narrowly interpreted as coordinated ways of equilibriumplay, i.e., a specific convention tells all players in a game withmultiple strict equilibria which equilibrium to play. In our view, coordinationoften takes place before learning about the games. Thus, one hasto coordinate...
Persistent link: https://www.econbiz.de/10005866835
Goeree & Holt (2001) observe that, for some parameter values, Nash equilibrium providesgood predictions for actual behaviour in experiments. For other payoff parameters, however,actual behaviour deviates consistently from that predicted by Nash equilibria. They attributethe robust deviations...
Persistent link: https://www.econbiz.de/10009262201
Wir präsent ieren eine Verhaltensvariante der Spieltheorie, die auf der Wertfunktion der Prospekttheorie …
Persistent link: https://www.econbiz.de/10009302578
This paper examines the effects of corporate income taxation on equity prices. There is a current European-wide debate between advocates of tax harmonization and supporters of tax competition. Due to that, the level of importance of corporate taxes on the market value of European firms gathers...
Persistent link: https://www.econbiz.de/10005870095
Das Phänomen der Macht ist seit jeher ein Faszinosum. Es scheint im menschlichen Dasein allgegenwärtig zu sein, und es überrascht deshalb nicht, dass die Auseinandersetzung mit dem Thema wohl so alt wie die Menschheit selbst ist. Allerdings erweist sich das Machtphänomen aus theoretischer...
Persistent link: https://www.econbiz.de/10005862358
The notion of choice inconsistency is widely spread in the literature on behavioraleconomics. Several approaches were used to account for the observation that peoplereverse their choices over time. This paper aims to explain the formation of resolutionsregarded as internal self-binding devices....
Persistent link: https://www.econbiz.de/10005866391
The measurement of social norms plays a pivotal role in many social sciences.While economists predominantly conduct experiments, sociologistsrather employ (factorial) surveys. Both methods, however, suer from distinctweaknesses. Experiments, on the one hand, often fall short in themeasurement of...
Persistent link: https://www.econbiz.de/10005866393