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This paper reinterprets the γ-core (Chander and Tulkens (1995, 1997)) and justifies it as well as its prediction that the efficient coalition structure is stable in terms of the coalition formation theory. It is assumed that coalitions can freely merge or break apart, are farsighted (that is,...
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We examine whether the desire for more information is people's dominant motive for reading economic and political news … experimentally vary people's beliefs about the informativeness of news. Inconsistent with the desire for more information being the … information reduce their demand for news from this newspaper. Furthermore, treated respondents who think that a news outlet is …
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common Downsian reasoning, rational voters should not be willing to pay for information out of purely instrumental motives … apply when a group of voters shares a common goal such as accountability and information is delivered via mass media. In … instrumental information in these scenarios. Our model thus reconciles the rational voter approach with the common perception of …
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