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Competitor Coupons: A Remedy for Residual Collusion
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Working paper
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Working paper
The Anticompetitiveness of Sharing Prices
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Working paper
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Working paper
A theory of collusion with partial mutual understanding
In: Research in economics: Ricerche economiche, Band 71, Heft 1, S. 140-158
ISSN: 1090-9451
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Working paper
A Proposal for a Structural Remedy for Illegal Collusion
In: Antitrust Law Journal, Forthcoming
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Rigidity of Social Systems
In: Journal of political economy, Band 107, Heft 1, S. 40-64
ISSN: 1537-534X
Rigidity of Social Systems
In: Journal of political economy, Band 107, Heft 1, S. 40
ISSN: 0022-3808
THE REVELATION OF INFORMATION THROUGH THE ELECTORAL PROCESS: AN EXPLORATORY ANALYSIS*
In: Economics & politics, Band 4, Heft 3, S. 255-276
ISSN: 1468-0343
This paper investigates the incentives for candidates to make informative campaign speeches concerning their policy intentions. Electoral competition is modeled as a game of communication in which candidates'policy preferences are private information and they compete by making pre‐electoral policy announcements. An equilibrium is shown to exist in which candidates reveal their true policy intentions. We find that campaign messages are more likely to be informative, the less powerful is the elected office, the more attractive are candidates'opportunities outside of office, and the more uniform are candidates'prior beliefs as to the median voter's preferred policy.
The role of risk preferences in bargaining when acceptance of a proposal requires less than unanimous approval
In: Journal of risk and uncertainty, Band 3, Heft 2, S. 135-154
ISSN: 1573-0476