Members of Transgressor Groups Prefer Reparations to Come From Third Parties

When Moderate Voters Prefer Extreme Parties:

This work develops and tests a theory of voter choice in parliamentary elections. I demonstrate that voters are concerned with policy outcomes and hence incorporate the way institutions convert votes to policy into their choices. Since policy is often the result of institutionalized multi-party bargaining and thus votes are watered-down by power-sharing, voters often compensate for this waterin...

Contracting with Third Parties

odels of bilateral contracting, such as the canonical holdup model, typically assume that third parties are not available. Given this assumption, the equilibrium outcome is not first-best efficient if contracts can be renegotiated. To be more specific, suppose an architect and a builder must cooperate to build a building. The quality of the building will depend on three things: the quality of t...

Whose Duties and Liabilities to Third Parties?

Towards Tiny Trusted Third Parties

Many security protocols hypothesize the existence of a trusted third party (TTP) to ease handling of computation and data too sensitive for the other parties involved. Subsequent discussion usually dismisses these protocols as hypothetical or impractical, under the assumption that trusted third parties cannot exist. However, the last decade has seen the emergence of hardware-based devices that,...

Exploitable Results by Third Parties