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The decline in the number of marginal constituencies in Britain is often attributed to the increasing geographical polarisation of the electorate, with the North having become even more pro-Labour and the South even more pro-Conservative. We show that this has been more than neutralised by the...
Persistent link: https://www.econbiz.de/10009018902
In this paper, I examine the effect of introducing heterogeneity between players in a model of strategic experimentation. I consider a two-armed bandit problem in continuous time with one safe arm and a risky arm. There are two players and each has an access to such a bandit. A player using the...
Persistent link: https://www.econbiz.de/10011276268
Employing the by-production approach to modelling emission-generating technologies proposed in Murty, Russell, Levkoff [2012] and Murty [2015] and adapting the policy reform approach to taxation policy in public economics due to Feldstein [1975] and Guesnerie [1977], we propose a methodology to...
Persistent link: https://www.econbiz.de/10011277211