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We study a class of representation mechanisms, based on reports made by a random subset of agents, called representatives, in a collective choice problem with quasi-linear utilities. We do not assume the existence of a common prior probability describing the distribution of preference types. In...
Persistent link: https://www.econbiz.de/10005504542
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
The ability to influence behaviour is central to many of the key policy challenges in areas such as health, finance and … climate change. The usual route to behaviour change in economics and psychology has been to attempt to ‘change minds’ by … influencing the way people think through information and incentives. There is, however, increasing evidence to suggest that …
Persistent link: https://www.econbiz.de/10010577300
Persistent link: https://www.econbiz.de/10013264680
It is well established that individual parliamentary representatives are less likely to decide according to the preferences of their constituency when the number of representatives per district, i.e. district magnitude, increases. However, we propose that for majority decisions of district...
Persistent link: https://www.econbiz.de/10010906896
In this paper, we describe what economists have learned about differences between group and individual decision-making. This literature is still young, and in this paper, we will mostly draw on experimental work (mainly in the laboratory) that has compared individual decision-making to group...
Persistent link: https://www.econbiz.de/10010611168
A modern, decision-theoretic framework can help clarify important practical questions of experimental design. Building on our recent work, this chapter begins by summarizing our framework for understanding the goals of experimenters and applying this to rerandomization. We then use this...
Persistent link: https://www.econbiz.de/10014023425
The goal of this paper is to draw some lessons for economic theory from research in psychology, social psychology and, more briefly, in biology, which purports to explain the formation of social preferences. We elicit the basic mechanisms whereby a variety of social preferences are determined in...
Persistent link: https://www.econbiz.de/10014023676
Social-ecological systems are complex adaptive systems where social and biophysical agents are interacting at multiple temporal and spatial scales. The main challenge for the study of governance of social-ecological systems is improving our understanding of the conditions under which cooperative...
Persistent link: https://www.econbiz.de/10014024375
Knowledge is central to managing an organization, but its presence in employees is difficult to measure directly. We hypothesize that external communication patterns reveal the location of knowledge within the management team. Using a large database of firm conference call transcripts, we find...
Persistent link: https://www.econbiz.de/10011043059