Showing 1 - 10 of 57
That historical inequality can affect long run macroeconomic performance has been argued by a large literature on ‘endogenous inequality’ using models of indivisibilities in occupational choice, in the presence of borrowing constraints. These models are characterized by a continuum of steady...
Persistent link: https://www.econbiz.de/10005537235
Persistent link: https://www.econbiz.de/10005515246
Traditional power indices are not suited to take account of explicit preferences, strategic interaction, and particular decision procedures. This paper studies a new way to measure decision power, based on fully specified spatial preferences and strategic interaction in an explicit voting game...
Persistent link: https://www.econbiz.de/10005515320
The paper analyzes the appointment of the European Commission as a strategic game between members of the European Parliament and the Council. The focal equilibrium results in Commissioners that duplicate policy preferences of national Council representatives. Different internal decision rules...
Persistent link: https://www.econbiz.de/10005537232
Persistent link: https://www.econbiz.de/10005369286
The indirect evolutionary approach integrates forward-looking evaluation of opportunities and adaptation in the light of the past. Subjective motivation determines behaviour, but long-run evolutionary success of motivational types depends on objective factors only. This can justify intrinsic...
Persistent link: https://www.econbiz.de/10005393268
The paper analyzes the appointment of the European Commission as a strategic game between members of the European Parliament and the Council. The focal equilibrium results in Commissioners that duplicate the policy preferences of national Council representatives. Different internal decision...
Persistent link: https://www.econbiz.de/10005406300
Persistent link: https://www.econbiz.de/10005409334
This paper proposes a unified framework that integrates the traditional index-based approach and the competing non-cooperative approach to power analysis. It rests on a quantifiable notion of ex post power as the (counter-factual) sensitivity of the expected or observed outcome to individual...
Persistent link: https://www.econbiz.de/10011135404
This article replies to the claim that preference-based power indices are impossible and that preferences should be ignored when assessing actors’ influence in different interactions (Braham and Holler [2005] ‘The Impossibility of a Preference-based Power Index’, Journal of...
Persistent link: https://www.econbiz.de/10011135458