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We develop a game-theoretical model of European Union (EU) policy making which suggests that the amount of legislative activity depends on the size of the gridlock interval, consistent with Krehbiel's (1998) study of US politics. This interval depends on two factors: (1) the preference...
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Efficient coordination in large groups is a fundamental issue in economic organizations. We consider the weak-link game with the feature of economies of scale that is necessary for voluntary group growth, in a minimal setup with exit and merger options that allows for bi-directional changes in...
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