Showing 1 - 10 of 6,897
a threshold number of individual votes. We investigate optimal voting rules that maximize the committee's expected …
Persistent link: https://www.econbiz.de/10012915425
Persistent link: https://www.econbiz.de/10011672913
Competition among bureaucrats for bribe revenue has often been viewed as a way to reduce the incidence and magnitude of bribe payments. This paper proposes a model where firms can search among multiple corrupt bureaucrats to find the cheapest bribe associated with obtaining a required service....
Persistent link: https://www.econbiz.de/10013108199
perfectly and dominantly control the voting results of the committee search activities. The most important prediction is that … nonpivotal voters become less picky in committee search than in single-agent search, but that a pivotal voter's voting behavior … remains unchanged, regardless of the type of voting rules for the search. However, our experimental results did not support …
Persistent link: https://www.econbiz.de/10012956020
search duration rises with committee size on patient committees but falls with committee size on impatient committees …
Persistent link: https://www.econbiz.de/10013316736
perfectly and dominantly control the voting results of the committee search activities. The most important prediction is that … nonpivotal voters become less picky in committee search than in single-agent search, but that a pivotal voter's voting behavior … remains unchanged, regardless of the type of voting rules for the search. However, our experimental results did not support …
Persistent link: https://www.econbiz.de/10011647670
Persistent link: https://www.econbiz.de/10011903736
This paper is the first to examine the effect of minimum price guaranteesin a sequential search model. Minimum price guarantees are notadvertised and only known to consumers when they come to the shop.We show that in such an environment, minimum price guarantees increasethe value of buying the...
Persistent link: https://www.econbiz.de/10011379207
We study price formation in the standard model of consumer search for differentiated products but allow for search cost heterogeneity. In doing so, we dispense with the usual assumption that all consumers search at least once in equilibrium. This allows us to analyze the manner in which prices...
Persistent link: https://www.econbiz.de/10010383405
We study price formation in the standard model of consumer search for differentiated products but allow for search cost heterogeneity. In doing so, we dispense with the usual assumption that all consumers search at least once in equilibrium. This allows us to analyze the manner in which prices...
Persistent link: https://www.econbiz.de/10010370656