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This paper studies coalition formation among individuals who differ in productivity. The output of a coalition is … determined by the sum of productivities if the coalition exceeds a minimal threshold of members. We consider competitive … societies in which the surplus of a coalition is split according to productivity and egalitarian societies in which coalitions …
Persistent link: https://www.econbiz.de/10012896560
Many economic and social situations can be represented by a digraph. Both axiomatic and iterativemethods to determine the strength or power of all the nodes in a digraph have been proposed inthe literature. We propose a new method, where the power of a node is determined by both thenumber of its...
Persistent link: https://www.econbiz.de/10010325076
From marketing and advertising to political campaigning and court proceedings, contending parties expend resources to persuade an audience of the correctness of their view. We examine how the probability of persuading the audience depends on the resources expended by the parties, so that...
Persistent link: https://www.econbiz.de/10010264260
legislation of the European Union adopted under its codecision procedure. In contrast to studies which use conventional power …
Persistent link: https://www.econbiz.de/10010284909
been more and more substituted by majority voting in order to speed up decision-making processes in a Union of 27 … member state threatens to leave the Union. By using cheap talk a member state may increase the credibility of its outside …
Persistent link: https://www.econbiz.de/10003776195
of players. The social structure is utilized to refine the core of the game. For every coalition the relative strength of … a player within that coalition is induced by the social structure and is measured by a power function. We call a payoff …
Persistent link: https://www.econbiz.de/10011335223
The European Union (EU) has moved towards bicameralism, making the codecision procedure its most important mechanism …
Persistent link: https://www.econbiz.de/10011509443
legislation of the European Union adopted under its codecision procedure. In contrast to studies which use conventional power …
Persistent link: https://www.econbiz.de/10010261094
We revisit the classical result that financing a pure public good through taxation of private consumption is inefficient. To this standard setup we add a consumption contest in which consumers can win a prize. We show that an appropriately chosen contest — which we call a ‘tax lottery' —...
Persistent link: https://www.econbiz.de/10013082023
Rational choice presupposes that people do what they like better than any available alternative. If, however, we mistrust what they declare to like or what psychology is supposed to tell us about it (a pardonable enough mistrust), we can only infer what they like from observing what they do. We...
Persistent link: https://www.econbiz.de/10013083144