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Religions are organized in a variety of ways. They may resemble an elected autocracy, aparliamentary democracy, or something akin to a monarchy, where heredity plays aprimary role. This variation allows for a comparative study of their organization.These differing power arrangements call for...
Persistent link: https://www.econbiz.de/10010843023
This paper shows how uninformed but rational voters can respond intelligently to political advertising. The paper models a situation where a candidate must rely on a pressure group for financing political advertising. The pressure group uses its power over the purse to influence the position...
Persistent link: https://www.econbiz.de/10010843042
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.
Persistent link: https://www.econbiz.de/10010843047
We construct game theoretic foundations for bargaining in the shadow of a trial. Plaintiff and defendant both have noisy signals of a common-value trial judgment and make simultaneous offers to settle. If the offers cross, they settle on the average offer; otherwise, both litigants incur an...
Persistent link: https://www.econbiz.de/10011130631
The optimal organization of the family requires that relations are structured so that non-cooperative game playing is minimized and transaction costs are reduced. I show that therapeutic advice for behavior within the family is to create a functioning property rights system. Punishment is shown...
Persistent link: https://www.econbiz.de/10011130646
Candidates may vary in quality, where quality is some characteristic orthogonal to policy. This "simple modification" has for the most part defied integration into the Downsian framework. Here we add the following complicating factors. We consider the possibility that there are uninformed voters...
Persistent link: https://www.econbiz.de/10010536273
We consider an election that is solely concerned with redistribution of income. It is well known that when voters are selfish, there is no political equilibrium. We consider the case where voters are modestly altruistic. We demonstrate that modest altruism results in a unique political...
Persistent link: https://www.econbiz.de/10010536289
This paper analyzes contests where contestants have private information about their abilities, and these abilities may be correlated. It differs from previous work chiefly in that it allows for such imperfect correlation, and that it restricts attention to a discrete output space. The latter...
Persistent link: https://www.econbiz.de/10009208969
We provide a characterization of participants' behavior in a contest or tournament where the marginal productivity of effort varies across contestants and individual productivity is private information. We then consider the optimal design of such a contest. <p>We first analyze contestant behavior...</p>
Persistent link: https://www.econbiz.de/10005596658
This paper examines the implementability of social choice functions when only partial verification of private information is possible. Green and Laffont (1986) used this framework to derive a necessary and sufficient condition for the revelation principle to continue to hold with partial...
Persistent link: https://www.econbiz.de/10005178678