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Measuring Power and Satisfaction in Societies with Opinion Leaders: An Axiomatization

van den Brink, Rene; Rusinowska, Agnieszka; Steffen, Frank - 2011

A well-known model in sociology and marketing is that of opinion leadership. Opinion leaders are actors who are able to affect the behavior of their followers. Hence, opinion leaders have some power over their followers, and they can exercise this power by influencing their followers choice of...

Persistent link: https://www.econbiz.de/10010325928

The Condorcet Paradox Revisited

Herings, P. Jean-Jacques; Houba, Harold - 2010

We analyze the simplest Condorcet cycle with three players and three alternatives within a strategic bargaining model with recognition probabilities and costless delay. Mixed consistent subgame perfect equilibria exist whenever the geometric mean of the agents' risk coefficients, ratios of...

Persistent link: https://www.econbiz.de/10010325975

Balanced Consistency and Balanced Cost Reduction for Sequencing Problems

van den Brink, Rene; Chun, Youngsub - 2010

We investigate the implications of imposing balanced consistency and balanced cost reduction in the context of sequencing problems. Balanced consistency requires that the effect on the payoff from the departure of one agent to another agent should be equal between any two agents. On the other...

Persistent link: https://www.econbiz.de/10010326073

Do More Powerful Interest Groups have a Disproportionate Influence on Policy?

Sharif, Zara; Swank, Otto H. - 2012

Decisions-makers often rely on information supplied by interested parties. In practice, some parties have easier access to information than other parties. In this light, we examine whether more powerful parties have a disproportionate influence on decisions. We show that more powerful parties...

Persistent link: https://www.econbiz.de/10010326186

On the Measurement of Success and Satisfaction

van den Brink, René; Steffen, Frank - 2012

canonical set-up of a simultaneous decision-making mechanism as it is predominant in the voting power literature. However, we … prevailing in the voting power literature. We demonstrate that both notions are conceptually distinct, and discuss their … provide two examples of sequential decision-making mechanisms in order to illustrate the difference between success and …

Persistent link: https://www.econbiz.de/10010326272

On the Merits of Meritocracy

Morgan, John; Sisak, Dana; Vardy, Felix - 2012

We study career choice when competition for promotion is a contest. A more meritocratic profession always succeeds in attracting the highest ability types, whereas a profession with superior promotion benefits attracts high types only if the hazard rate of the noise in performance evaluation is...

Persistent link: https://www.econbiz.de/10010326280

What to put on and what to keep off the Table? A Politician's Choice of which Issues to address

Sayag, Rei S.; Swank, Otto H. - 2012

want to make good decisions and want to come across as able decision makers. An important characteristic of the model is …

Persistent link: https://www.econbiz.de/10010326387

What Makes Reforms Likely? Timing and Sequencing of Structural Reforms in Latin America

Lora, Eduardo - 2000

The wave of structural reforms in Latin America and elsewhere has stimulated the development of a wide body of theoretical literature on the political economy of reform, i. e. , the study of the political constraints that condition the timing, speed and sequencing of reforms. This paper tests...

Persistent link: https://www.econbiz.de/10010327070

How to construct alternatives: A computational voting model

Marengo, Luigi; Pasquali, Corrado - 2005

radically change the outcome of the majority voting process. In particular we show that any set of bundles (that we call choice …

Persistent link: https://www.econbiz.de/10010328481

The construction of choice: A computational voting model

Marengo, Luigi; Pasquali, Corrado - 2008

interdependent components. In this paper we present a model of object construction in majority voting and show that, in general, by …

Persistent link: https://www.econbiz.de/10010328578