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Strengthening budgetary surveillance and coordination of budgetary policy measures in the EU is of vital importance for economic stability and growth. The decentralised decision making structure in most areas of budgetary policies, requires the need to balance national and common objectives;...
Persistent link: https://www.econbiz.de/10011411017
Many economic and social situations can be represented by a digraph. Both axiomatic and iterativemethods to determine the strength or power of all the nodes in a digraph have been proposed inthe literature. We propose a new method, where the power of a node is determined by both thenumber of its...
Persistent link: https://www.econbiz.de/10010325076
of players. The social structure is utilized to refine the core of the game. For every coalition the relative strength of … a player within that coalition is induced by the social structure and is measured by a power function. We call a payoff …
Persistent link: https://www.econbiz.de/10010325448
Persistent link: https://www.econbiz.de/10010334899
rationalized in a voting model with diverse constituents. One would think that commitment to finishing the metro line (no matter …, when commitment is needed). More generally, we prove a theorem for binary-choice trees and arbitrary learning, establishing … that no plan of action which is majority-preferred to the equilibrium play without commitment can be a Condorcet winner …
Persistent link: https://www.econbiz.de/10010352866
We model leadership selection, competition, and decision making in teams with heterogeneous membership composition. We show that if the choice of leadership in a team is imprecise or noisy—which may arguably be the case if appointment decisions are made by non-expert administrators—then it...
Persistent link: https://www.econbiz.de/10011615936
In simple textbook treatment of bilateral exchange traders end up on the contract curve such that the trading surplus is maximized regardless of any asymmetric bargaining power they might have. However, that need not be true when the terms of exchange are determined by uncooperative bargaining,...
Persistent link: https://www.econbiz.de/10011882745
(overlapping climate clubs) to reduce CO2 emissions. R&D provision in clubs produces two types of positive externalities: a global …&D collaborators. We utilize the perfectly-coalition-proof-Nash equilibrium (PCPNE) concept to refine the set of Nash equilibria … multilateral coalitional structures are not stable; however, the size of the stable coalition increases as the economy expands. …
Persistent link: https://www.econbiz.de/10011932069
From marketing and advertising to political campaigning and court proceedings, contending parties expend resources to persuade an audience of the correctness of their view. We examine how the probability of persuading the audience depends on the resources expended by the parties, so that...
Persistent link: https://www.econbiz.de/10010264260
We investigate the computational complexity of several decision problems in hedonic coalition formation games and … either core stability or strict core stability is under consideration, the existence problem of a stable coalition structure … stable coalition structure and of an individually stable coalition structure turn out to be NP-complete in the strong sense. …
Persistent link: https://www.econbiz.de/10010279421