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We investigate the collective decision with incomplete information and side payments.
Doctors won't provide the supposedly free health care unless patients make side payments.
Members of the dominant coalition make decisions by bargaining, negotiating, and making side payments.
Our example is thus an analog of the banker game of Owen [Values of games without side payments. Int.
The other prohibits presidents from taking side payments from individual states.
Side payments of this sort also have the potential to increase the cost of financial products and services.
Similar(13)
Fixed costs of both print and electronic journals are recovered in three main ways: through subscriptions, author-side payments or contributions of time by editors and others, as in the Sri Lankan setting.
Such side-payments help to spread the benefits and reduce the costs.And Kyoto?
The factory owners and the residents could work out side-payments on their own.
Side-payments are non-existent when the geographic relationship among the riparians is symmetric and costs for the joint project are most always equally shared.
On the other hand we also demonstrate that an incentive-compatible contract exists that can promote efficient landscape management (by combining side-payments with fines for defection).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com