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Felgenhauer, Mike; Grüner, Hans Peter - 2003

committees benefits from voting insincerely accrue not only when a decision maker's vote is pivotal. As the number of voters … increases, the cost of voting insincerely declines in an open committee because the probability of being pivotal declines. This … is not the case in a closed committee where costs and benefits of insincere voting only arise when a voter is pivotal. …

Persistent link: https://www.econbiz.de/10009635893

Indeterminacy of rational expectations equilibria in sequential financial markets

Donati, Paola - 2003

We provide a general characterization of the structure of rational expectations equilibria of any degree of revelation for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial market and nominal assets. We estimate the dimension of the...

Persistent link: https://www.econbiz.de/10009635915

The allocation of competencies in an international union

Ruta, Michele - 2003

This paper presents a positive theory of centralization of political decisions in an international union. My central claim is that lobbies play a role in determining the assignment of competencies to the union because their power of influence can increase or decrease under centralization. I show...

Persistent link: https://www.econbiz.de/10009639847

Democratic Control in the Member States of the European Council and the Euro Zone Summits (Study and Annex 1 - 2)

Wessels, Wolfgang; Rozenberg, Olivier; van den Berge, Mirte - Trans European Policy Studies Association; Notre Europe … - 2013

The European Council is increasingly central to the governance of the European Union. Even if national parliaments have originally focused their involvement in EU affairs on the ordinary legislative process, most of the chambers have started to develop specific activities, before or after...