We show how introducing a time discount factor can strengthen some results given in [Soubeyran R. (2006) "When Inertia Generates Political Cycles," Economics Bulletin, Vol. 4 no. 31 pp. 1-8.].

This paper analyzes the assignment of durable objects to successive generations of agents who live for two periods. The optimal assignment rule is stationary, favors old agents and is determined by a selectivity function, which satisfies an iterative functional differential equation. More...

Parikh and Krasucki [1990] showed that if rational agents communicate the value of a function f according to a protocol upon which they have agreed beforehand, they will eventually reach a consensus about the value of f, provided a fairness condition on the protocol and a convexity condition on...

When processing transactions in a block, a miner increases his reward but also decreases his probability to earn any reward because the time needed for his block to reach consensus depends on its size. We show that this leads to a game situation between miners. We analytically solve this game...

Suppose legislators represent districts of varying population, and their assembly's voting rule is intended to implement the principle of one person, one vote. How should legislators' voting weights appropriately reflect these population differences? An analysis requires an understanding of the...