Results 161 to 170 of about 1,721 (242)

Divergent Position Taking Under Uncertainty With an Application to Chile's 2021–2022 Constituent Convention

open access: yesLegislative Studies Quarterly, Volume 51, Issue 2, May 2026.
ABSTRACT Sometimes politicians must take indelible public stances under unresolved uncertainty about an outcome they cannot control, for example, consider the minority on a proposal that is bound to pass. Counter to the expectations that party platforms converge, and that rational individuals balk at betting against one another, we show this can lead ...
Jorge Fabrega, John Londregan
wiley   +1 more source

A replicator model with transport dynamics on networks for species evolution. [PDF]

open access: yesJ Math Biol
Coclite A   +3 more
europepmc   +1 more source

Dynamics of Fiscal Habits and Soft Budgets in Federations

open access: yesJournal of Public Economic Theory, Volume 28, Issue 2, April 2026.
ABSTRACT In this paper, we are motivated by empirical evidence of persistent, implicit or explicit, bailouts in federations from high‐tier (e.g., center) governments to low‐tier (e.g., state) governments. We build a novel dynamic model for a federation containing N ≥ 2 $N\ge 2$ identical regional governments and a central government.
João Ricardo Faria, Emilson C. D. Silva
wiley   +1 more source

Global Warming Policy in a Federation

open access: yesJournal of Public Economic Theory, Volume 28, Issue 2, April 2026.
ABSTRACT We explore alternate allocations of responsibility for greenhouse gas emissions policies in a small open federation. Emissions result from consumption and production of a tradeable dirty good. Emissions control policies are based on social values which depend on the allocation of policy responsibility.
Robin Boadway, Katherine Cuff
wiley   +1 more source

Macroscopic Market Making Games

open access: yesMathematical Finance, Volume 36, Issue 2, Page 352-373, April 2026.
ABSTRACT Building on the macroscopic market making framework as a control problem, this paper investigates its extension to stochastic games. In the context of price competition, each agent is benchmarked against the best quote offered by the others. We begin with the linear case.
Ivan Guo, Shijia Jin
wiley   +1 more source

Game changing mutation. [PDF]

open access: yesR Soc Open Sci
Edhan O, Hellman Z.
europepmc   +1 more source

Order Routing and Market Quality: Who Benefits From Internalization?

open access: yesMathematical Finance, Volume 36, Issue 2, Page 397-421, April 2026.
ABSTRACT Does retail order internalization benefit (via price improvement) or harm (via reduced liquidity) retail traders? To answer this question, we compare two market designs that differ in their mode of liquidity provision: In the setting capturing retail order internalization, liquidity is provided by market makers (wholesalers) competing for the ...
Umut Çeti̇n, Albina Danilova
wiley   +1 more source

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