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We study the problem of aggregating private information in elections with two or more alternatives. We characterize environments where information can be aggregated asymptotically by a sequence of equilibria of voting games as the electorate grows large and explore the implications for the...
Persistent link: https://www.econbiz.de/10012852242
Pongou and Tondji (Pongou and Tondji, Games and Economic Behavior, 108, 206-224, 2018) described an uncertain production environment as a situation where input supply is uncertain. Each input has a finite set of actions, and uncertainty is formalized as a probability distribution over this set....
Persistent link: https://www.econbiz.de/10013210899
Why do lawyers in some jurisdictions continue to ‘automatically’ exclude the 1980 UN Convention on Contracts for the International Sale of Goods (CISG) in their choices of law for international sales contracts? Why do lawyers in other jurisdictions approach the decision very differently? Why...
Persistent link: https://www.econbiz.de/10014192105
This draft PhD thesis analyzes four issues in the research field that consists of the intersection of environmental economics, uncertainty, and decision-making. 1. Economic investments that lead to environmental damages beyond repair - like cutting rainforests or emitting pollutants with long...
Persistent link: https://www.econbiz.de/10014064447
Warlords compete for turf that provides them with rents and ‘taxable’ resources but they can also offer a semblance of security within their respective territories. This article first examines two economic models of warlord competition. Because such competition takes place through the use of...
Persistent link: https://www.econbiz.de/10010279223
This paper investigates the role played by the cultural norms of particularism and universalism for collusive bribery. In our theoretical framework, the act of proposing or demanding a bribe violates a commonly held social norm, thus producing a psychological cost. By lowering this psychological...
Persistent link: https://www.econbiz.de/10013027347
We generalise the coalition structure core to partition function games. Our definition relies only on one crucial assumption, namely that there is some internal consistency in the game: residuals of the deviation play a game similar to the initial one, and –whenever this is possible– they...
Persistent link: https://www.econbiz.de/10011335686
The paper proves the existence and uniqueness of a noncooperative steady state in the context of a model of climate change. It also explores the possibility of cooperation and attainment of an optimal steady state. It is shown that the problem is similar to that in the static model (Chander and...
Persistent link: https://www.econbiz.de/10011608804
In this paper we introduce the CLIMNEG World Simulation (CWS) model for simulating cooperative game theoretic aspects of global climate negotiations. The model is derived from the seminal RICE model by Nordhaus and Yang (1996). We first state the necessary conditions that determine optimal...
Persistent link: https://www.econbiz.de/10011608837
We introduce the concept of a TUU-game, a transferable utility game with uncertainty. In a TUU-game there is uncertainty regarding the payoffs of coalitions. One out of a finite number of states of nature materializes and conditional on the state, the players are involved in a particular...
Persistent link: https://www.econbiz.de/10010494469