Showing 141 - 150 of 692
The desirability relation was introduced by Isbell (1958) to qualitatively compare the a priori influence of voters in a simple game. In this paper, we extend this desirability relation to simple games with coalition structure. In these games, players organize themselves into a priori disjoint...
Persistent link: https://www.econbiz.de/10010672392
According to a given quota q, a candidate a is beaten by another candidate b if at least a proportion of q individuals prefer b to a. The q-Condorcet efficiency of a voting rule is the probability that the rule selects a q-Condorcet winner (q-CW), that is any candidate who is never beaten under...
Persistent link: https://www.econbiz.de/10010672393
It is commonly accepted that the multiplicity of equilibria is ubiquitous in preference aggregation games with any voting method. We prove that this multiplicity is greatly reduced under some mild restrictions over social preferences when each voter can vote for as many candidates as she wishes...
Persistent link: https://www.econbiz.de/10010674825
This paper characterizes the optimal redistributive tax schedule in a matching unemployment framework where (voluntary) nonparticipation and (involuntary) un- employment are endogenous. The optimal employment tax rate is given by an inverse employment elasticity rule. This rule depends on the...
Persistent link: https://www.econbiz.de/10010542029
We develop a methodology to sign output distortions in the random participation framework. We apply our method to monopoly nonlinear pricing problem, to the regulatory monopoly problem and mainly to the optimal income tax problem. In the latter framework, individuals are heterogeneous across two...
Persistent link: https://www.econbiz.de/10010542030
This paper examines many-player many-action global games with multidimensional state parameters. It establishes that the notion of noise-independent selection introduced by Frankel, Morris and Pauzner (Journal of Economic Theory 108 (2003) 1- 44) for onedimensional global games is robust when...
Persistent link: https://www.econbiz.de/10010542031
We consider the decisions of a married couple in a risky environment. The distribution of spouses bargaining power may change as a consequence of new outside opportunities that are offered to them, so that individual con- sumption may fluctuate over time. This is what we call "bargaining risk"....
Persistent link: https://www.econbiz.de/10010542032
Since the late nineties, both theoretical and empirical analysis devoted to the real exchange rate suggest that their dynamics might be well approximated by nonlinear models. This paper examines this possibility for post-1970 monthly ASEAN-5 data, extending the existing research in two...
Persistent link: https://www.econbiz.de/10010542033
This paper studies the effects of risk attitudes on effort exerted under different monitoring schemes. Our design employs a theoretical model that relaxes the assumption that agents are risk neutral and investigates changes in the effort and quality of work as monitoring varies. The predictions...
Persistent link: https://www.econbiz.de/10011082525
Persistent link: https://www.econbiz.de/10005523742