Showing 1 - 10 of 665
Persistent link: https://www.econbiz.de/10000684176
Persistent link: https://www.econbiz.de/10003714024
This note studies the problem of implementing social choice correspondences in environments where individuals have doubts about the rationality of their opponents. We postulate the concept of "-minimax regret as our solution concept and show that social choice correspondences that are Maskin...
Persistent link: https://www.econbiz.de/10003898916
Persistent link: https://www.econbiz.de/10009718959
We study a vote buying setup where a committee votes on a proposal important to the vote buyer. We characterize the cheapest combination of bribes that guarantees the proposal's passing in different voting environments. We find that for both simultaneous and sequential votes, the vote buyer...
Persistent link: https://www.econbiz.de/10012833674
In this paper we provide an axiomatic characterization of the maxmin choice correspondence for a decision maker who has state-dependent preferences (represented by a linear order) over the set of alternatives
Persistent link: https://www.econbiz.de/10012890119
Cerreia-Vioglio, Ghirardato, Maccheroni, Marinacci and Siniscalchi (Economic Theory, 48:341-375, 2011) have recently proposed a very general axiomatisation of preferences in the presence of ambiguity, viz. Monotonic Bernoullian Archimedean (MBA) preference orderings. This paper investigates the...
Persistent link: https://www.econbiz.de/10010187944
Persistent link: https://www.econbiz.de/10013262891
Persistent link: https://www.econbiz.de/10009422715
In an economic theory of voting, voters have positive or negative costs of voting in favor of a proposal and positive or negative benefits from an accepted proposal. When votes have equal weight then simultaneous voting mostly has a unique pure strategy Nash equilibrium which is independent of...
Persistent link: https://www.econbiz.de/10011629791