Economic institutions determine prospects for growth and development. This paper examines necessary conditions for an economy to support institutions that implement markets. Agents differ in land holdings, skill, and power. A competitive market assigns land to the skilled, not necessarily to the...

This paper analyzes the relationships between the degree of decentralization of public policy and the emergence of horizontal strategic interactions. We analyze the structural funds allocation process in determining how the structure of governance of cohesion policy a ects the development of...

In Turkey, after the 1999 Gölcük Earthquake, urban redevelopment has been seen as a major solution for the removal or rehabilitation of low quality urban settlements. Several laws and bylaws have been passed to this end. One of the major task of this transformation and/or redevelopment is to...

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...

Economic institutions determine prospects for growth and development. In this paper a condition on the primitives determines whether an economy supports institutions that implement markets. Agents differ in land holdings, skill, and power. A competitive market assigns land to the skilled, not...

This paper compares the Kyoto Protocol and the Paris Agreement in the dynamic game of Battaglini and Harstad (2016). The asymmetric Nash solution of this game reflects the Paris Agreement, whereas the symmetric Nash solution reflects the Kyoto Protocol. In a large set of economies, the Kyoto...

This paper suggests a new approach for centrality measures for general (weighted) networks taking into account the importance for cohesion and relative power of connections. While existing literature either ignores the importance for cohesion or measures it by analyzing consequences arising from...

We study the impact of the liberalization of EU natural gas markets on the balance of power between `local champions', customers, and outside producers. We distinguish between two steps of the reform: 1. opening access to transit pipes and 2. opening access to distribution systems, hence...