Political markets may be curative of political externalities, yet they are often unviable due to the presence of … bargaining externalities. In this paper we study the extent to which the choice of voting dimensions may affect the viability of … desirable in an ideal world of zero-transaction costs, is almost unavoidably affected by bargaining externalities …

simple economic models, when there are negative externalities (such as congestion effects from use of a commonly owned … resource) or positive externalities (such as a social ethos reflected in individuals' preferences), Kantian equilibria dominate …

economic models, when there are negative externalities (such as congestion effects from use of a commonly owned resource) or … positive externalities (such as a social ethos reflected in individuals' preferences), Kantian equilibria dominate Nash …