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Democracy in Product Design : Consumer Participation and Differentiation Strategies

Katona, Zsolt - 2013

An increasing number of firms use social media to allow their customers to vote on new product design. This paper studies the implications of employing such a democratic product design (DPD). A linear city model is used with random locations to capture uncertainty about consumer preferences and...

Persistent link: https://www.econbiz.de/10013091618

Influence of Freedom of Choice on Happiness

Koohborfardhaghighi, Somayeh; Summers, Christopher; … - 2022

The literature on happiness shows that there are many factors that influence a person s happiness. Extending previous studies, we investigate the role of the freedom of choice as a key contributing construct in influencing a person s happiness. We define two hypothetical sub-constructs for the...

Persistent link: https://www.econbiz.de/10014030761

Is Consumer Activism Economic Democracy?

Weaver, R. Henry - 2019

consumer power actually furthers the project of economic democracy — that is, social control over economic production. This …

Persistent link: https://www.econbiz.de/10014108534

The expert and the charlatan: an experimental study in economic advice

Alysandratos, Theodore; Boukouras, Aristotelis; … - 2020

Persistent link: https://www.econbiz.de/10013164755

A political economy of reorientation new theory and policy for the recovery

Tuinen, Henk K. van - In: Central European review of economics and management : CEREM 5 (2021) 2, pp. 7-53

Aim: The article aims at developing an economic theory of reorientation. As Western subjects are disoriented by long-time systematic commercial manipulation of their preferences, the theory focuses on new concepts of endogenous preferences and on the process of preference manipulation and its...

Persistent link: https://www.econbiz.de/10013198455

Democracy and income in-equality : an empirical analysis

Grâdšṭayn, Marq; Milanović, Branko; Ying, Yvonne - 2001

While standard political economy theories suggest a moderating effect of democratization on income inequality, empirical literature has failed to uncover any such robust relationship. Here we take yet another look at this issue arguing first, that prevailing ideology may be an important...

Persistent link: https://www.econbiz.de/10011397917

Do civil and political repression really boost foreign direct investments?

Harms, Philipp; Ursprung, Heinrich W. - 2001

thus supports the notion that there is a positive relationship between democracy and economic growth. …

Persistent link: https://www.econbiz.de/10011397998

Democracy and international trade : differential effects from a panel quantile regression framework

Abeliansky, Ana; Krenz, Astrid - 2015

There has been a wide debate on whether democracy actually has an effect on economic outcomes, and especially on … variables estimation. Our results demonstrate that the effect of democracy on trade is underestimated using Ordinary Least … (1996) which suggest that the effects of democracy for economic growth are not uniform for all countries. …

Persistent link: https://www.econbiz.de/10010513375

The effect of income on democracy revisited : a flexible distributional approach

Idzalika, Rajius; Kneib, Thomas; Martínez-Zarzoso, … - 2015

We reexamine the effect of economic development on the level of democracy based on the data sets of Acemoglu et al … democracy. The zero-one-inflated beta distribution is more appropriate for continuous but bounded responses with non … democracy variables. Since our analysis highlights that the distribution of democracy is bimodal, we approximate the modes using …

Persistent link: https://www.econbiz.de/10010532568

Double diversification with an application to Iceland

Thorvaldur Gylfason; Wijkman, Per Magnus - 2015 - Final version, 27 May 2015

Excessive concentration increases national risk in an uncertain world. This paper views economic and political diversification as an essential aspect of national risk management aimed at promoting efficiency, growth, and welfare. The paper first presents economic and political diversification...

Persistent link: https://www.econbiz.de/10010533096

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