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This paper reports results from a laboratory experiment studying the role of asymmetries, both in payoffs and recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the equilibrium predictions. The main deviations from...
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We develop a competitive equilibrium theory of a market for votes. Before voting on a binary issue, individuals may buy … market for votes generates welfare losses, relative to simple majority voting, if the committee is large enough or the …
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For politicians, appointments are an instrument of policy influence. By installing their representatives in an institution, politicians can count on policy influence for the duration of their appointees' terms. Given the stakes, the occasional controversy regarding nominees is understandable. On...
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