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and efficiency is increasing in the size of the majority requirement, with higher investment in public goods and lower … debt associated with larger majority requirements. Also in line with the theory, we find that debt is lower when the …
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and efficiency is increasing in the size of the majority requirement, with higher investment in public goods and lower … debt associated with larger majority requirements. Also in line with the theory, we find that debt is lower when the …
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efficiency and equity of the final outcome. Furthermore, these tendencies are stronger when the two players have conflicting …
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