Abstract. This paper develops a model of delegative democracy in which each voter can either vote directly or delegate her vote, together with the votes delegated to her, to another voter and analyzes the incentive for delegation and its impact on the quality of collective decision. A key...

We investigate private and social incentives for standardization to ensure market-wide system compatibility in a two-dimensional spatial competition model. We develop a new methodology to analyze competition on a torus and show that there is a fundamental conflict of interest between consumers...