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Players in a committee, council, or electoral college often wield asymmetric numbers of votes. Binary decision environments are then conventionally modeled as weighted voting games. We introduce weighted committee games in order to describe decisions on three or more alternatives in similarly...
Persistent link: https://www.econbiz.de/10011892066
Can fiscal policy raise utility for all in dynamic economies with unobservable agent heterogeneity, when missing credit and insurance markets affect incentives to invest in human capital? If so, should the state provide transfers to the poor in the form of cash or in kind? In an occupational...
Persistent link: https://www.econbiz.de/10010396938