While scholars have thoroughly explored the logic of two candidate electoral competition, much less has been accomplished in gaining an understanding of the role of party primaries. This paper presents an incomplete information model of primary and general elections and argues that party primaries do more than select party candidates. Party primaries serve an informational function. In an envir...

We study concurrent games with finite-memory strategies where players are given a Büchi and a mean-payoff objective, which are related by a lexicographic order: a player first prefers to satisfy its Büchi objective, and then prefers to minimise costs, which are given by a mean-payoff function. In particular, we show that deciding the existence of a strict Nash equilibrium in such games is decid...

This paper investigates how interest rates on liquid assets and excess returns on risky assets are determined when only safe assets can be used as liquid assets when waiting for an informative signal of future payoffs. In particular, we carefully differentiate between a demand for liquid assets while waiting for new information and a demand for safe assets for precautionary reasons. Employing K...

The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower surplus. Bidders with spiteful preferences should overbid in equilibrium when they know their rival has a higher value than their own, and bidders wi...

Battigalli and Siniscalchi’s [Journal of Economic Theory 106, 356-391 (2002)] notion of “strong belief”in conditional probability systems and Yang’s [Journal of Economic Theory, forthcoming] notion of “weak assumption”in lexicographic probability systems are unified by the same requirements on preferences. Our analysis, hence, reconciles the tension between Battigalli and Siniscalchi’s characte...

Ambiguity preferences are important to explain human decision-making in many areas in economics and finance. To measure individual ambiguity preferences, the experimental economics literature advocates using incentivized laboratory experiments. Yet, laboratory experiments are costly and require a lot of time and administrative effort. This study develops an ambiguity preference survey module th...

mobile commerce is whatever electronic transfer or transaction via a mobile modem through a mobile net in which the true value or advance payment is done for goods, services or information. a mobile payment system should be beneficial for all related persons. for a payment system to be a successful system, end-user, seller, exporter and operators should see a additional value in it. end-user pr...

The COVID-19 pandemic has had a profound impact on payment systems and preferences around the world, reducing use of cash in favor digital instruments accelerating discussion need for central bank currency. This article presents payments cashless agenda before after pandemic, focusing how changing landscape influenced priorities decisions regulators, banks other financial intermediaries, with r...

This study aims to determine the preferred criteria of cut flower producers when choosing marketing channels, and degrees importance these criteria. In this study, levels different used by their marketplace preferences were analyzed using analytic hierarchy process. The data in obtained from questionnaires completed 82 İzmir province. most criterion for was payment guarantee, followed ease pric...

Preaching zakat to muzakki requires understanding the preferences of in distributing zakat. This study aims formulate digital era. The literature review 11 scientific articles was analyzed with Philip Kotler's consumer behavior theory. Based on review, it can be formulated tendency muzakki's zakat: directly mustahik, mosque amil, LAZ fundraising applications, and digitization. encouragement con...