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We offer a selective survey of the uses of cooperative and non-cooperative game theory in the analysis of legal rules and institutions. In so doing, we illustrate some of the ways in which law influences behavior, analyze the mechanism design aspect of legal rules and institutions, and examine...
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Klimaschutz stellt aus Sicht der ökonomischen Theorie ein rein öffentliches Gut dar. Internationale Kooperation zum Zweck der Milderung oder Verhinderung der globalen Erwärmung ist daher mit den bekannten fatalen Anreizproblemen behaftet: Auf der Basis freiwilliger, dezentraler Entscheidungen...
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In this note we consider a society that partitions itself into disjoint jurisdictions, each choosing a location of its public project and a taxation scheme to finance it. The set of public project is multi-dimensional, and their costs could vary from jurisdiction to jurisdiction. We impose two...
Persistent link: https://www.econbiz.de/10014066238
In a two-agent society with partially-honest agents, we extend Dutta and Sen (2009)'s results of Nash implementation to the domain of weak orders. We identify the class of Nash implementable social choice correspondences with a "gap" between necessary and sufficient conditions, both when exactly...
Persistent link: https://www.econbiz.de/10014188131
Models of repeated legislative bargaining typically assume that an agenda setter is randomly selected each period, even if the agenda setter in the previous period successfully passed a proposal. In reality, successful legislative agenda setters (e.g., speakers, committee chairs) tend to hold...
Persistent link: https://www.econbiz.de/10014189684
The focus of this paper is the analysis of the persistent lawlessness attitude observed in some transition and developing countries where an overall increase in the quality of institutions is recorded. The mechanism of information diffusion on institutional quality is explored using a model...
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