Showing 81 - 90 of 116
Persistent link: https://www.econbiz.de/10006907152
We prove that for generic network-formation games where players incur a strictly positive cost to propose links the number of Nash equilibria is finite. Furthermore all Nash equilibria are regular and, therefore, stable sets.
Persistent link: https://www.econbiz.de/10008494988
Voting games are characterized by the emergence of dominated strategies, that would be iteratively deleted by rational players. In this note we show, via an example, how applying iterated dominance restricts the set of equilibrium outcomes in Besley and Coate's (1997) citizen-candidate model of...
Persistent link: https://www.econbiz.de/10005215891
A tournament is a simultaneous n-player game that is built on a two-player game g. We generalize Arad and Rubinstein's model assuming that every player meets each of his opponents twice to play a (possibly) asymmetric game g in alternating roles (using sports terminology, once "at home" and once...
Persistent link: https://www.econbiz.de/10012993745
We introduce a model with strategic voting in a parliamentary election with proportional representation and uncertainty about voters' preferences. In any equilibrium of the model, most voters only vote for those parties whose positions are extreme. In the resulting parliament, a consensus...
Persistent link: https://www.econbiz.de/10013039780
We offer an example of the job market where the number of agents is uncertain, modeling it as a Poisson game. We allow for heterogeneity of companies and workers, and show that in equilibrium more productive types choose higher terms of trade
Persistent link: https://www.econbiz.de/10014358144
We consider a model where policy motivated citizens vote in two simultaneous elections, one for the President who is elected by majority rule, in a single national district, and one for the Congressmen, each of whom is elected by majority rule in a local district. The policy to be implemented...
Persistent link: https://www.econbiz.de/10014180722
In this paper we show in the context of voting games with plurality rule that the "perfect" equilibrium concept does not appear restrictive enough, since, independently of preferences, it can exclude at most the election of only one candidate. Furthermore, some examples show that there are...
Persistent link: https://www.econbiz.de/10014149367
In this paper we propose a model with uncertainty in which strategic voters vote, under poportional rule, for a Parliament and parties bargain to form a government. We prove that only consensus government form and only extreme parties take votes
Persistent link: https://www.econbiz.de/10013079359
Persistent link: https://www.econbiz.de/10005761452