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In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10011324912
In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10011600156
We study political competition in an environment in which voters have private information about their preferences. Our framework covers models of income taxation, public-goods provision or publicly provided private goods. Politicians are vote-share-maximizers. They can propose any policy that is...
Persistent link: https://www.econbiz.de/10010358277
We analyze a three-player legislative bargaining game over an ideological and a distributive decision. Legislators are privately informed about their ideological intensities, i.e., the weight placed on the ideological decision relative to the weight placed on the distributive decision....
Persistent link: https://www.econbiz.de/10011674460
We present a three-person, two-period bargaining game with private information. A single proposer is seeking to secure agreement to a proposal under either majority or unanimity rule. If the first period proposal fails, the game ends immediately with an exogenously given "breakdown" probability....
Persistent link: https://www.econbiz.de/10014635305
In this note, we characterize the equilibria of the standard pivotal-voter participation game between two groups of voters of asymmetric sizes, as originally proposed by Palfrey and Rosenthal [1983. A strategic calculus of voting. Public Choice. 41, 7-53]
Persistent link: https://www.econbiz.de/10012935191
We analyse a standard pivotal-voter model under majority rule, with two rival groups of players, each preferring one of two public policies and simultaneously deciding whether to cast a costly vote, as in Palfrey and Rosenthal (1983). We allow the benefit of the favorite public policy to...
Persistent link: https://www.econbiz.de/10012846907
We study the relationship between two-agent implementation problems and the notionof interim efficiency due to Holmström and Myerson (1983) in Bayesian environmentswith private values and independent types. We present a general property, Bayesianefficiency, and show that it is sufficient for...
Persistent link: https://www.econbiz.de/10012852742
This paper investigates the robustness of Dutta and Sen's (2012) Theorem 1 to weaker notions of truth-telling. An individual honesty standard is modeled as a subgroup of the society, including the individual herself, for which she feels truth-telling concerns. An individual i is honest when she...
Persistent link: https://www.econbiz.de/10011599087
This paper addresses the question of multi-party computation in a model with asymmetric information. Each agent has a private value (secret), but in contrast to standard models, the agent incurs a cost when retrieving the secret. There is a social choice function the agents would like to compute...
Persistent link: https://www.econbiz.de/10014172010