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Media, opinion leaders, co-ethnics, family members, and friends influence our political decisions. The ways in which these influences affect political cycles and (in)stability has been understudied. We propose a model of a networked political economy, where agents' choices are partly determined...
Persistent link: https://www.econbiz.de/10015248383
I propose a dynamic game model that is consistent with the paradigm of bounded rationality. Its main advantages over the traditional approach based on perfect rationality are that: (1) under given state the strategy space is a chain-complete partially ordered set; (2) the response function...
Persistent link: https://www.econbiz.de/10015248689
Group contests are ubiquitous. Some examples include warfare between countries, competition between political parties, team-incentives within firms, group sports, and rent-seeking. In order to succeed, members of the same group have incentives to cooperate with each other by expending individual...
Persistent link: https://www.econbiz.de/10015249569
We provide an example of a data set where all the revealed preference relations seem to be consistent with single crossing differences and yet the revealed preference relations cannot be extended to a complete preference obeying that property
Persistent link: https://www.econbiz.de/10015253164
In this paper we establish the link between strategy-proofness and unanimity in a domain of private good economies with single-peaked preferences. We introduce a new condition and we prove that if this new property together with the requirement of citizen sovereignty are held, a social choice...
Persistent link: https://www.econbiz.de/10015254053
The rapid increase in the number of open developing countries has recently caused a proliferation of arguments concerning the determinants of foreign economic liberalization. In this emerging debate, explanations stressing the importance of economic crises, interest-group competition,...
Persistent link: https://www.econbiz.de/10015254259
The article provides a theoretical framework of international unions in the form of two two-stage games with discounting and one simultaneous game aimed at generating insights into the conflict between widening and deepening in the integration process. Each country (player) has a preference for...
Persistent link: https://www.econbiz.de/10015254267
We extend approval voting so as to elect multiple candidates, who may be either individuals or members of a political party, in rough proportion to their approval in the electorate. We analyze two divisor methods of apportionment, first proposed by Jefferson and Webster, that iteratively...
Persistent link: https://www.econbiz.de/10015255424
A well known and established model in communication policy in sociology and marketing is that of opinion leadership. Opinion leaders are actors in a society who are able to affect the behavior of other members called followers. Hence, opinion leaders might have a considerable impact on the...
Persistent link: https://www.econbiz.de/10010325902
We use a simple balanced budget contest to collect taxes on a private good in order to ?nance a pure public good. We show that-with an appropriately chosen structure of winning probabilities-this contest can provide the public good efficiently and without distorting private consumption. We...
Persistent link: https://www.econbiz.de/10010333921