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All-pay-all aspects of political decision making

Giebe, Thomas; Schweinzer, Paul - 2013

We study decision making processes with non-standard all-pay structures. We motivate this interest through a group of regulatory, political, legal, military, and economic applications where individual actions determine the consequences for a larger group or the public. The common features of...

Persistent link: https://www.econbiz.de/10009766675

Agreeing on efficient emissions reduction

Bos, Olivier; Roussillon, Béatrice; Schweinzer, Paul - 2013

We propose a simple mechanism providing incentives to reduce harmful emissions to their efficient level without infracting upon productive efficiency. The mechanism employs a contest creating incentives among participating nations to simultaneously exert efficient productive and efficient...

Persistent link: https://www.econbiz.de/10009772819

The Roman metro problem : dynamic voting and the limited power of commitment

Roessler, Christian; Shelegia, Sandro; Strulovici, Bruno - 2013

be rationalized in a voting model with diverse constituents. One would think that commitment to finishing the metro line …-by-step voting (that is, 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 …

Persistent link: https://www.econbiz.de/10009718312

The value of technology improvements in games with externalities : a fresh look at offsetting behavior

Hoy, Michael; Polborn, Mattias - 2014

How should we evaluate the welfare implications of improvements to safety technologies in the presence of offsetting behavior? We model this problem as a symmetric game in which each player's payoff depends on his own action and the average action of the other players, and analyze under which...

Persistent link: https://www.econbiz.de/10010354804

Asymmetric power and market failure : power hazard in exchange

Ertürk, Korkut A. - 2016

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/10011435708

Bargaining and distribution of power in the EU's Conciliation Committee

Napel, Stefan; Widgrén, Mika - 2003

The European Union (EU) has moved towards bicameralism, making the codecision procedure its most important mechanism …

Persistent link: https://www.econbiz.de/10011509443

Surveillance and control of fiscal consolidation on a supranational level

Aarle, Bas van - 2013

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/10010431705

Strategic power revisited

Napel, Stefan; Widgrén, Mika - 2002

Traditional power indices ignore preferences and strategic interaction. Equilibrium analysis of particular non-cooperative decision procedures is unsuitable for normative analysis and assumes typically unavailable information. These points drive a lingering debate about the right approach to...

Persistent link: https://www.econbiz.de/10011410230

The inter-institutional distribution of power in EU codecision

Napel, Stefan; Widgrén, Mika - 2004

legislation of the European Union adopted under its codecision procedure. In contrast to studies which use conventional power …

Persistent link: https://www.econbiz.de/10010261094

Privacy-Preserving Methods for Sharing Financial Risk Exposures

Abbe, Emmanuel A. - 2011

Unlike other industries in which intellectual property is patentable, the financial industry relies on trade secrecy to protect its business processes and methods, which can obscure critical financial risk exposures from regulators and the public. We develop methods for sharing and aggregating...

Persistent link: https://www.econbiz.de/10013118285