Results 1 to 10 of about 65,464 (155)
A dynamic model of democratic elections in multidimensional policy spaces [PDF]
We propose a general model of repeated elections. In each period, a challenger is chosen from the electorate to run against an incumbent politician in a majority-rule election, and the winner then selects a policy from a multidimensional policy space ...
Banks, Jeffrey S., Duggan, John
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Employer behavior when workers can unionize [PDF]
Unionization imposes substantial costs on employers. This paper develops a model that recognizes that, as a result, employers will set wages and employment taking into account the effect of their decisions on workers' incentives to organize.
Ruiz-Verdú, Pablo
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War with Outsiders Makes Peace Inside [PDF]
In many situations there is a potential for conflict both within and between groups. Examples include wars and civil wars and distributional conflict in multitiered organizations like federal states or big companies.
Münster, Johannes, Staal, Klaas
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We study an all-pay contest with multiple identical prizes ("lifeboat seats"). Prizes are partitioned into subsets of prizes ("lifeboats"). Players play a twostage game. First, each player chooses an element of the partition ("a lifeboat").
Konrad, Kai A., Kovenock, Dan
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On the Complexity of Nash Equilibria of Action-Graph Games
We consider the problem of computing Nash Equilibria of action-graph games (AGGs). AGGs, introduced by Bhat and Leyton-Brown, is a succinct representation of games that encapsulates both "local" dependencies as in graphical games, and partial ...
Daskalakis, Constantinos +3 more
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Pure strategy equilibria of single and double auctions with interdependent values [PDF]
We prove the existence of monotonic pure strategy equilibrium for many types of asymmetric auctions with n bidders and unitary demands, interdependent values and independent types. The assumptions require monotonicity only in the own bidder's type.
Araujo, Aloisio, Castro, Luciano I. de
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Endogenous Institutions and the Dynamics of Corruption [PDF]
While empirical studies which analyze large cross section country data find that corruption lowers investment and thereby economic growth, this result cannot be established for certain subsamples of countries.
Esther Bruegger
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(WP 2019-01) Stratification Economics as an Economics of Exclusion [PDF]
Stratification Economics (SE) is an emergent sub-field in economics, but its JEL classification misrepresents its content and its relationship to the whole of economics.
Davis, John B.
core
Imperfect Competition in Financial Markets and Capital Structure [PDF]
Sergei Guriev, Dmitriy ...
Guriev, Sergei, Kvasov, Dmitriy
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Equilibrium Wage Arrears: A theoretical and empirical analysis of institutional lock-in [PDF]
We present a model of managerial choice of wage delays that implies a possibility of multiple equilibria in the level of arrears. Positive feedback arises because each employer's wage arrears choice has externalities for other employers by affecting ...
Earle, John S., Sabirianova, Klara Z.
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