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In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10011324912
Failures of government policies often provoke opposite reactions from citizens; some call for a reversal of the policy while others favor its continuation in stronger form. We offer an explanation of such polarization, based on a natural bimodality of preferences in political and economic...
Persistent link: https://www.econbiz.de/10010281383
Failures of government policies often provoke opposite reactions from citizens; some call for a reversal of the policy while others favor its continuation in stronger form. We offer an explanation of such polarization, based on a natural bimodality of preferences in political and economic...
Persistent link: https://www.econbiz.de/10003426464
Going through arbitration has many costs, both tangible and intangible. Going to arbitration may also result in the severance of a mutual relationship between a contractor and a client. It may result that the contractor would lose potential future profits by being barred from participating in...
Persistent link: https://www.econbiz.de/10013091886
Currently, Democracy is realised through representatives elected by the people. These elections are periodic activities. They involve expenditure of big amounts of manpower, money, time and other resources. It is important to note that during an election, the administration and day-to-day lives...
Persistent link: https://www.econbiz.de/10012964798
Real life disputes, negotiations or competitive situations involve multi-issue considerations; the final outcome depends on the aggregated effort over several dimensions. We consider two allocation systems. In one, each issue is disputed and award independently, while in the other all issues are...
Persistent link: https://www.econbiz.de/10012936070
Multi-battle competitions are ubiquitous in real life. In this paper, we examine the effort-maximizing reward design in sequentially played multi-battle competitions. The organizer has a fixed prize budget, and rewards players contingent on the number of battles they win in a three-battle...
Persistent link: https://www.econbiz.de/10012989652
We consider a best-of-three Tullock contest between two ex-ante identical players. An effort-maximizing designer commits to a vector of player-specific biases (advantages or disadvantages). In our benchmark model the designer chooses victory-dependent biases (i.e., the biases depend on the...
Persistent link: https://www.econbiz.de/10012918987
In a society composed of citizens and a dictator: what are the conditions for a successful citizens' revolt? What kind of strategies do governments follow to prevent such revolts? In this paper we argue that the concept of networks is a very powerful tool to understand these issues, as shown...
Persistent link: https://www.econbiz.de/10012707235
In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10011600156