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One feature of legislative bargaining in naturally occurring settings is that the distribution of seats or voting weights often does not accurately reflect bargaining power. Game-theoretic predictions about payoffs and coalition formation are insensitive to nominal differences in vote...
Persistent link: https://www.econbiz.de/10012822445
Persistent link: https://www.econbiz.de/10014469271
We study a one dimensional Hotelling-Downs model of electoral competition with the following innovation: a fraction of candidates have character and are exogenously committed to a campaign platform; this is unobservable to voters. However, character is desirable, and a voter's utility is a...
Persistent link: https://www.econbiz.de/10014060276
This paper reports on an experiment testing Credible Message Rationalizability (CMR) in one-shot and repeated signaling …
Persistent link: https://www.econbiz.de/10011576913
We model the decision problems faced by the members of societies whose new members are determined by vote. We adopt a number of simplifying assumptions: the founders and the candidates are fixed; the society operates for k periods and holds elections at the beginning of each period; one vote is...
Persistent link: https://www.econbiz.de/10014215836
The burgeoning literature on the use of sanctions to support public goods provision has largely neglected the use of formal or centralized sanctions. We let subjects playing a linear public goods game vote on the parameters of a formal sanction scheme capable both of resolving and of...
Persistent link: https://www.econbiz.de/10011344858
We study experimentally the effectiveness of communication in common value committees exhibiting publicly known heterogeneous biases. We test models assuming respectively self-interested and strategic-, joint payoff-maximizing- and cognitively heterogeneous agents. These predict varying degrees...
Persistent link: https://www.econbiz.de/10011444227
When politicians have lower discount factors than voters, democratic elections cannot sufficiently motivate politicians to undertake long-term socially beneficial projects. When politicians can offer incentive contracts which become effective upon reelection, the hierarchy of contracts and...
Persistent link: https://www.econbiz.de/10011397764
Using data from an experiment by Forsythe, Myerson, Rietz, and Weber (1993), designed for a different purpose, we test … (evolutionary stable) equilibrium. In the experiment each subject is recurrently (24 times) randomly matched with ever changing …
Persistent link: https://www.econbiz.de/10011284229
We study both theoretically and experimentally the set of Nash equilibria of a classical one-dimensional election game … laboratory experiment, as we observe convergence to the Nash equilibrium values at the aggregate as well as at the individual …
Persistent link: https://www.econbiz.de/10010198494