Showing 61 - 70 of 71
Persistent link: https://www.econbiz.de/10007635077
Persistent link: https://www.econbiz.de/10005128125
Persistent link: https://www.econbiz.de/10005128191
This work follows the citizen candidate model of Besley and Coate (1997) to show that for a unidimensional policy issue, a moderate default policy rules out equilibrium outcomes in which there is an uncontested candidate. Copyright 2006 Blackwell Publishing Ltd..
Persistent link: https://www.econbiz.de/10005162270
Persistent link: https://www.econbiz.de/10005654567
This paper studies the advantages that a coalition of agents in a larger electorate can obtain by forming a voting bloc to pool their votes and cast them all in one direction. We show under which conditions an agent will benefit from the formation of the voting bloc, whether being part of it or...
Persistent link: https://www.econbiz.de/10005654782
We study repeated legislative bargaining in an assembly that chooses its bargaining rules endogenously, and whose members face an election after each legislative term. An agenda protocol or bargaining rule assigns to each legislator a probability of being recognized to make a policy proposal in...
Persistent link: https://www.econbiz.de/10010776460
Abstract I provide an axiomatic foundation for the assumption of specific utility functions in a multidimensional spatial model, endogenizing the spatial representation of the set of alternatives. Given a set of objects with multiple attributes, I find simple necessary and sufficient conditions...
Persistent link: https://www.econbiz.de/10009146646
Games with imperfect information often feature multiple equilibria, which depend on beliefs off the equilibrium path. Standard selection criteria such as <i>passive beliefs, symmetric beliefs or wary beliefs</i> rest on ad hoc restrictions on beliefs. We propose a new selection criterion that imposes...
Persistent link: https://www.econbiz.de/10011099071
I show that in a multidimensional spatial model, if an agent is risk neutral on each side of the policy space away from his/her ideal point, then his/her utility function is linearly decreasing not in the Euclidean, but rather in the city block distance to the ideal policy of the agent.
Persistent link: https://www.econbiz.de/10010698766