IDEAS home Printed from https://ideas.repec.org/a/wsi/igtrxx/v09y2007i01ns0219198907001278.html
   My bibliography  Save this article

Constitutional Constraints Under Ambiguity: A Game-Theoretic Approach

Author

Listed:
  • MARCELLO BASILI

    (DEPFTD, University of Siena, Italy)

  • FULVIO FONTINI

    (Department of Economics, University of Padua, Italy)

Abstract

In the paper a game between private and public individuals is set in order to study under which conditions the former would like to limitex-antethe choices of the latter. Ambiguity, as distinguished from risk, is explicitly introduced by means of capacities and Choquet Expected Utility. It is shown that constitutional constraints are necessary to prevent private individuals from being exploited by public individuals whenever citizens feel a too high level of ambiguity.

Suggested Citation

  • Marcello Basili & Fulvio Fontini, 2007. "Constitutional Constraints Under Ambiguity: A Game-Theoretic Approach," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 9(01), pages 59-66.
    • Handle: RePEc:wsi:igtrxx:v:09:y:2007:i:01:n:s0219198907001278
    DOI: 10.1142/S0219198907001278
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0219198907001278
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S0219198907001278?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Jürgen Eichberger & David Kelsey & Burkhard C. Schipper, 2009. "Ambiguity and social interaction," Oxford Economic Papers, Oxford University Press, vol. 61(2), pages 355-379, April.
    2. Jean-François Laslier, 2006. "Ambiguity in Electoral Competition," Economics of Governance, Springer, vol. 7(2), pages 195-210, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Burkhard Schipper & Hee Yeul Woo, 2012. "Political Awareness and Microtargeting of Voters in Electoral Competition," Working Papers 124, University of California, Davis, Department of Economics.
    2. Sandra Ludwig & Julia Nafziger, 2011. "Beliefs about overconfidence," Theory and Decision, Springer, vol. 70(4), pages 475-500, April.
    3. Hector Galindo-Silva, 2024. "Ideological ambiguity and political spectrum," Economics of Governance, Springer, vol. 25(2), pages 139-180, June.
    4. Lucie Bottega & Dorothée Brécard & Philippe Delacote, 2023. "Greening or greenwashing? How consumers’ beliefs influence firms’ advertising strategies on environmental quality," Working Papers 2023.05, FAERE - French Association of Environmental and Resource Economists.
    5. Carmela Di Mauro & Massimo Finocchiaro Castro, 2011. "Kindness, confusion, or … ambiguity?," Experimental Economics, Springer;Economic Science Association, vol. 14(4), pages 611-633, November.
    6. Elham Nikram & Dieter Balkenborg, 2024. "A generalized Hotelling–Downs model with asymmetric candidates," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 26(1), February.
    7. David Kelsey & Sara Roux, 2015. "An experimental study on the effect of ambiguity in a coordination game," Theory and Decision, Springer, vol. 79(4), pages 667-688, December.
    8. Burkhard C. Schipper, 2021. "The evolutionary stability of optimism, pessimism, and complete ignorance," Theory and Decision, Springer, vol. 90(3), pages 417-454, May.
    9. Raab, Philippe & Schipper, Burkhard C., 2009. "Cournot competition between teams: An experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 72(2), pages 691-702, November.
    10. Beggs, Alan, 2021. "Games with second-order expected utility," Games and Economic Behavior, Elsevier, vol. 130(C), pages 569-590.
    11. Nahed Eddai & Ani Guerdjikova, 2021. "To mitigate or to adapt: how to deal with optimism, pessimism and strategic ambiguity?," Working Papers hal-03590990, HAL.
    12. Giuseppe De Marco & Maria Romaniello, 2015. "On Games and Equilibria with Coherent Lower Expectations," Mathematical Problems in Engineering, Hindawi, vol. 2015, pages 1-8, June.
    13. Yaozhong Wu & Christoph H. Loch & Ludo Van der Heyden, 2008. "A Model of Fair Process and Its Limits," Manufacturing & Service Operations Management, INFORMS, vol. 10(4), pages 637-653, June.
    14. Burkhard Schipper & Hee Yeul Woo, 2012. "Political Awareness and Microtargeting of Voters in Electoral Competition," Working Papers 46, University of California, Davis, Department of Economics.
    15. Jürgen Eichberger & David Kelsey & Burkhard Schipper, 2008. "Granny Versus Game Theorist: Ambiguity in Experimental Games," Theory and Decision, Springer, vol. 64(2), pages 333-362, March.
    16. Jürgen Eichberger & David Kelsey, 2004. "Sequential Two-Player Games With Ambiguity," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(4), pages 1229-1261, November.
    17. Eichberger, Jürgen & Grant, Simon & Lefort, Jean-Philippe, 2008. "Neo-additive capacities and updating," Papers 08-31, Sonderforschungsbreich 504.
    18. Bell, William Paul, 2009. "Network Averaging: a technique for determining a proxy for the dynamics of networks," MPRA Paper 38026, University Library of Munich, Germany.
    19. Felipe Zurita, 2005. "Beyond Earthquakes: The New Directions of Expected Utility Theory," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 42(126), pages 209-255.
    20. Gérard Mondello, 2012. "Ambiguity, Agency Relationships and Adverse Selection," Post-Print halshs-00929978, HAL.

    More about this item

    Keywords

    Games with ambiguity; Constitutional constraints; exploitation; choquet expected utility;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • C0 - Mathematical and Quantitative Methods - - General
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:igtrxx:v:09:y:2007:i:01:n:s0219198907001278. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/igtr/igtr.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.