Effects of local information transmission and imitation among agents in an evolving population consisting of agents competing for limited resources are studied numerically through a model based on the evolutionary minority game (EMG). Enhanced cooperation is found to result from an effective...

Purpose: The purpose of this paper is to test the effects of antitakeover protection on investment-cash flow sensitivity and whether these effects are moderated by firms’ accounting information environment and agency problems. Design/methodology/approach: To test the effects of agency...

Purpose: The purpose of this paper is to examine the mechanism of how peer review helpfulness evaluation in online review communities is established, drawing upon the internalization and identification routes of persuasion effect. Design/methodology/approach: Based on book reviews selected from...

Adopting the group turnout model of Herrera and Mattozzi, J. Eur. Econ. Assoc. 2010, 8, 838-871, we investigate direct democracy with supermajority rule and different preference intensities for two sides of a referendum: Reform versus status quo. Two parties spend money and effort to mobilize...

We analyze a psychologically-based model of voter turnout in an election with common value and uncertainty. Our model yields distinctive comparative statics results. First, an increase in the proportion of informed citizens may cause the winning margin for the right candidate to either rise or...

We study a sender's optimal choice of precision when he selects from a class of random signals to persuade a receiver to accept his request, with higher costs associated with higher precision. The receiver observes both the precision and a random realization of the signal. We characterize...