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A core activity of decentralising internet projects has been participation, and with it the democratising potential of governing through consensus. This encounter between democratic ideals on one side and its integration into socio-technical projects on the other has had significant consequences...
Persistent link: https://www.econbiz.de/10014538865
This article explores diverse views on both the current challenges and limits as well as the reforms and innovations of existing democracies at the beginning of the twenty-first century. First, it argues that socioeconomic inequality, new populism, new forms of communication, and globalization...
Persistent link: https://www.econbiz.de/10014503439
In diesem Beitrag werden Chantal Mouffes jüngste Interventionen für den Linkspopulismus zum Anlass für eine theoretische Reflexion über das Spannungsverhältnis zwischen Populismus und radikaler Demokratie genommen. Im Lichte der radikalen Demokratietheorien Claude Leforts, Jacques...
Persistent link: https://www.econbiz.de/10012543965
down due to an unraveling process similar to Akerlof (1970). De and Nabar (1991) argue that imperfect certification … prevents unraveling so that equilibria with full separation do not exist. This note shows that, if one considers the buyers …
Persistent link: https://www.econbiz.de/10010333964
We investigate a common-value labor setting in which firms interview a worker prior to hiring. When firms have private information about the worker’s value and interview decisions are kept private, many firms may enter the market, interview, and hire with positive probability. When firms’...
Persistent link: https://www.econbiz.de/10011599500
strategic complementarities and strategic unraveling. We identify a negative externality imposed on the rest of the market by …
Persistent link: https://www.econbiz.de/10011599561
"defiant" behavior. Moreover, while individually rational for the marginal type, the unraveling may be strictly Pareto inferior …
Persistent link: https://www.econbiz.de/10011969190
suggests that in this setup, unraveling takes place and a number of different types are correctly identified in equilibrium …. While we do observe a substantial degree of information disclosure, we also find that unraveling is typically not as … complete as predicted by economic theory. The behavior of both workers and employers impedes unraveling in that there is too …
Persistent link: https://www.econbiz.de/10011852739
theoretical solution concepts such as sequential equilibrium or iterated admissibility predict unraveling of information … required for unraveling is increasing in the number of quality levels, we find only insignificantly more unraveling in a game …
Persistent link: https://www.econbiz.de/10011936493
unraveling can only occur when firms are willing to make early offers and workers are willing to accept them. We present a model …
Persistent link: https://www.econbiz.de/10010369345