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This paper considers an implementation problem with bounded rationality of the agents. Bounded rationality presented here means that the agent might choose the agent's best response which is different from the agent's dominant strategy. To describe such a behavior, this paper introduces a new...
Persistent link: https://www.econbiz.de/10012838228
In recent years, a number of Western industrialized nations have experienced a notable polarization of political ideologies, and growing numbers of individuals seemingly support extreme positions. As a result, established political parties have moved to the left or right and new parties have...
Persistent link: https://www.econbiz.de/10011534345
In this chapter, we assess recent contributions of computational models to the study of politics. We focus primarily on agent-based models developed by economists and political scientists. These models address collective action problems, questions related to institutional design and performance,...
Persistent link: https://www.econbiz.de/10014024376
This paper presents an agent-based model of political competition over multiple heterogeneous electoral districts. Both the positions of district candidates and those of their national parties are endogenously determined and allowed to differ. Candidates are free to choose their position at the...
Persistent link: https://www.econbiz.de/10014160458
This paper examines the questions of who participates in the provision of a public good through the voluntary participation of agents in the presence of strong complementarity between a public good and a private good. We show that the greater the initial endowment of the private good that agents...
Persistent link: https://www.econbiz.de/10010332251
This paper considers the object allocation problem introduced by Shapley and Scarf (1974). We study secure implementation (Saijo, Sjöström, and Yamato, 2007), that is, double implementation in dominant strategy and Nash equilibria. We prove that (i) an individually rational solution is...
Persistent link: https://www.econbiz.de/10010332437
This paper illustrates the usefulness of computational methods for the investigation of institutions. As an example, we use a computational agent-based model to study the role of general trust and social control in informal value transfer systems (ITVS). We find that, how and in which timeline...
Persistent link: https://www.econbiz.de/10011781163
This paper presents a Schelling-type checkerboard model of residential segregation formulated as a spatial game. It shows that although every agent prefers to live in a mixed-race neighborhood, complete segregation is observed almost all of the time. A concept of tipping is rigorously defined,...
Persistent link: https://www.econbiz.de/10003898061
This paper examines the questions of who participates in the provision of a public good through the voluntary participation of agents in the presence of strong complementarity between a public good and a private good. We show that the greater the initial endowment of the private good that agents...
Persistent link: https://www.econbiz.de/10009427088
Persistent link: https://www.econbiz.de/10003807125