Learn More
We examine a legislative v oting game where decisions are to be made over both ideological and distributive dimensions. In equilibrium legislators prefer to make proposals for the two dimensions together, despite having preferences that are separable over the two dimensions. The equilibria exhibit interaction between the ideological and distributive(More)
This paper presents a micro-level historical and theoretical analysis of Genoa's economic and political history during the twelfth and thirteenth century by examining the factors influencing the extent to which its political system was self-enforcing and their change over time. It combines narrative and theoretical analysis to resolve questions that can not(More)
Acknowledgments This report has been funded jointly by the UK's Department of Trade and Industry and Department for Environment, Food and Rural Affairs. The authors are grateful to the members of the interdepartmental project Steering Group for providing helpful comments on earlier drafts, particularly Susie Gilbert and Paul Chambers. In addition, Steven(More)
This paper presents a micro-level historical and theoretical analysis of Genoa's economic and political history during the twelfth and thirteenth century by examining the factors influencing the extent to which its political system was self-enforcing and their change over time. It combines narrative and theoretical analysis to resolve questions that can not(More)
We analyze the risk level chosen by agents who have private information regarding their quality. We show that even risk-neutral agents will choose risk strategically to enhance their reputation in the market, and that such choices will be influenced by the mix of other agents' types. Assuming that the market has no strong prior about whether the agents are(More)
  • 1