Showing 1 - 10 of 2,752
While people in democracies can vote their government out when they are discontent with its policies, those in dictatorships cannot do so. They can only attempt to expel the dictator via mass protests or revolutions. Based on a general cause-and-effect mechanism, the author analyzes whether such...
Persistent link: https://www.econbiz.de/10009385887
“Randomized dictatorship,” one of the simplest ways to solve bargaining situations, works as follows: a fair coin toss … determines the “dictator”—the player to be given his first-best payoff. The two major bargaining solutions, that of Nash …
Persistent link: https://www.econbiz.de/10010988759
We show that when democratic and autocratic governments peacefully compete for governance over the same jurisdiction the autocratic has a natural advantage. The autocratic government, which unambiguously reduces welfare for everyone except the autocrat, will drive the competing democratic...
Persistent link: https://www.econbiz.de/10005711513
information. He covers a host of topics, including multistage and repeated games, bargaining theory, auctions, rent-seeking games …
Persistent link: https://www.econbiz.de/10010681117
information. He covers a host of topics, including multistage and repeated games, bargaining theory, auctions, rent-seeking games …
Persistent link: https://www.econbiz.de/10010681701
Fixed point theorems are the standard tool used to prove the existence of equilibria in mathematical economics. This paper shows how to prove a slight generalization of Brouwer's and Kakutani's fixed point theorems using the familiar techniques of drawing and shifting curves in the plane and is,...
Persistent link: https://www.econbiz.de/10005607526
In coalitional games in which the players are partitioned into groups, we study the incentives of the members of a group to leave it and become singletons. In this context, we model a non-cooperative mechanism in which each player has to decide whether to stay in her group or to exit and act as...
Persistent link: https://www.econbiz.de/10010995323
A redistribution system is any social system as organization, company or institution is where the redistribution of payments of players in comparison with their performance happens. The very important role is played by constitutions of alliances created in this system. Modeling of essential...
Persistent link: https://www.econbiz.de/10010723137
types of bargaining, kinds of equilibrium - including Pareto optionality and Nash equilibrium - and in connection with it …
Persistent link: https://www.econbiz.de/10008545887
Persistent link: https://www.econbiz.de/10005687763