The literature on stochastic voting to date has focused almost exclusively on models with only two candidates (or parties). This paper studies multiparty competition with stochastic voting. We look at two different models in which candidates aim to maximize their expected vote, as well as a...

The vast concentration of production in the imperialist era, particularly in the period of the general crisis of capitalism, and the powerful development of machine technology on this basis have been instrumental in bringing about a considerably greater depreciation of skilled labor. At the same...

This paper investigates the Bayesian decision-theoretic foundations of the Wall Street adage that `timing is everything'. One might think that a `small' risk-neutral trader wishes to act immediately upon any private information he possesses. I begin with a counterintuitive nding that trade...