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We show that status-quo bias combined with downward-sloping demand implies addictive behavior. This result does not depend on transitivity, a complete ordering, or even the existence of a preference relation that rationalizes choices.
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We demonstrate the existence of an electoral equilibrium in a model with three or more candidates. We use the same kinds of assumptions that have previously been used to establish existence in two-candidate models and have not had to make special assumptions regarding dimensionality (e.g., that...
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