作者:Beshkar, Mostafa; Park, Jee-Hyeong
作者单位:Indiana University System; Indiana University Bloomington; Seoul National University (SNU)
摘要:The literature on pretrial dispute settlement has focused on the effect of first-order uncertainty on bargaining, while assuming common knowledge about higher-order beliefs. We study the effect of higher-order uncertainty and show that the existence of such uncertainty improves the efficiency of settlement bargaining by expanding the set of strategies implementable in the equilibrium. We introduce uncertainty about higher-order beliefs by assuming that one player privately observes an imperfec...
作者:Che, Jiahua; Chung, Kim-Sau; Qiao, Xue
作者单位:China Europe International Business School; Hong Kong Baptist University; Renmin University of China
摘要:The China model is increasingly viewed by developing countries as a viable alternative to democracy. China's allegedly merit-based promotion system is lauded as a secret ingredient of the China model. However, once being promoted to the top, Chinese leaders are as unconstrained as other autocrats. If there are fundamental reasons why other autocrats cannot commit to such a promotion system, why are Chinese leaders any different? We provide a unified theory that accommodates both China and othe...