Showing 1 - 9 of 9
Previous analyses have shown that if a point is to be a core of a majority-rul e voting game in Euclidean space when preferences are smooth, then the utility gradients at the point must satisfy certain restrictive symmetry conditions. In this paper, these results are generalized t o the case of...
Persistent link: https://www.econbiz.de/10005332635
Persistent link: https://www.econbiz.de/10005155332
Persistent link: https://www.econbiz.de/10005672650
Persistent link: https://www.econbiz.de/10005755701
The authors review and provide motivation for a one-sector model of economic growth in which decisions about capital accumulation are made by a political process. If it is possible to commit for at least three periods into the future, then, for any feasible consumption plan, there is a...
Persistent link: https://www.econbiz.de/10005820598
Persistent link: https://www.econbiz.de/10005129828
Persistent link: https://www.econbiz.de/10005129838
Persistent link: https://www.econbiz.de/10005129967
This paper reports on an experimental study of the way in which individuals make inferences from publicly available information. We compare the predictions of a theoretical model of a common knowledge inference process with actual behavior. In the theoretical model, "perfect Bayesians," starting...
Persistent link: https://www.econbiz.de/10005699841