Directory UMM :Data Elmu:jurnal:J-a:Journal of Economic Behavior And Organization:Vol42.Issue1.May2000:
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With this model I verify the congru- ence hypothesis in the absence of side-payments and transaction costs: the proportional and equal-division rules always mobilize at least
Contrary to the original median voter theorem, the main implications of this model are that: (i) convergence on platform positions is not achieved in the general election, and
In area Q, it is the case that α >1 and that the efficiency loss is increasing in this parameter; this is consistent with Lien’s result — making an unfair contest even more
Therefore, if a sequential Prisoners Dilemma Game (the conventional transaction struc- ture) is converted into the transaction structure of the Indenture Game, Forward Induction
This volume, instead, deals with the predecessors of NGT, and most importantly, with the feedbacks between growth theory and economic development — a field that, also starting in
If the transaction efficiencies for final and intermediate goods are improved while the transaction efficiency for labor is still lower than for intermediate goods, then the
The immobility and uniqueness of the construction output also lead firms to establish a dual structure. Construction firms have a central unit, which includes the main
We tested and corroborated most propositions derived from transaction cost theory relating con- tractual incompleteness to transaction characteristics, even when we considered
