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In this paper, we study conditions under which the Condorcet Jury Theorem extends to the spatial model of elections. In the model, individuals with ideal points distributed over a unidimensional policy space vote over two alternatives, the location of one of which is uncertain. By employing the...
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While many theories of the firm seek to explain when firms make rather than buy, in practice firms often make and buy the same input- they engage in plural sourcing. We argue that explaining the mix of external procurement and internal sourcing for the same input requires a consideration of...
Persistent link: https://www.econbiz.de/10005200543
We study the role of inter-group differences in the emergence of conflict. In our setting, two groups compete for the right to allocate societys resources, and we allow for costly intergroup mobility. The winning group offers an allocation, that the opposition can either accept, or reject and...
Persistent link: https://www.econbiz.de/10009416114
We present a model of political campaigning where a candidate chooses between promoting oneself (positive campaign) or attacking the rival (negative campaign). The media validates the claims made by candidates, and the quality of a candidate is not fully revealed unless there is a debate about...
Persistent link: https://www.econbiz.de/10010723556
We report on an experiment comparing compulsory and voluntary voting institutions in a voting game with common preferences. Rational choice theory predicts sharp differences in voter behavior between these two institutions. If voting is compulsory, then voters may find it rational to vote...
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