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Several recent studies found that the behaviour of economists was less cooperative than the behaviour of non-economists …. Other studies found, however, that economists behaved no differently than other individuals. In this Paper, we study this … priorities reported by students of economics are different from those reported by students from other fields: Economists …
Persistent link: https://www.econbiz.de/10005498194
Economists often play crucial roles in designing and implementing public policies; thus it is of importance to better … understand the values that underlie their decisions. We explore the value hierarchies of economists in four studies: The first … organization and work orientation. Taken together, our findings indicate that economists have a distinctive pattern of value …
Persistent link: https://www.econbiz.de/10005504550
This article offers an overview of the empirical and theoretical research on the long run evolution of wealth and inheritance. Wealth-income ratios, inherited wealth, and wealth inequalities were high in the 18th-19th centuries up untilWorldWar 1, then sharply dropped during the 20th century...
Persistent link: https://www.econbiz.de/10011083954
In elections that take place in a less-than-perfect democracy, incumbency advantages are different from those in mature democracies. The incumbent can prevent credible challengers from running, organize vote fraud, or even physically eliminate the main opponents. At the same time, formally...
Persistent link: https://www.econbiz.de/10011084133
This Paper examines recent theoretical developments in the theory of coalition stability. It focuses on the relationship between the incentives to defect from a coalition, the size of the resulting equilibrium coalition structure and the different assumptions on membership rules, coalition...
Persistent link: https://www.econbiz.de/10005791385
This Paper provides a first applied game theory analysis of a technology-based climate protocol by assessing: (i) the self-enforcement (namely, the absence of incentives to free ride) of the coalition that would form when countries negotiate on climate-related technological cooperation; (ii) the...
Persistent link: https://www.econbiz.de/10005791506
The ageing of the population shakes the confidence in the economic viability of pay-as-you-go social security systems. We demonstrate how in a political-economy framework the shaken confidence leads to the downsizing of the social security-system, and to the emergence of supplemental individual...
Persistent link: https://www.econbiz.de/10005791880
We present a theoretical model of a parliamentary democracy, where party structures, government coalitions and fiscal policies are endogenously determined. The model predicts that, relative to proportional elections, majoritarian elections reduce government spending because they reduce party...
Persistent link: https://www.econbiz.de/10005792107
Nowadays, people in OECD countries spend about as much time watching television as earning a living. In this Paper I report a puzzling fact about those time uses: television viewing and work hours are positively correlated across countries. A simple model based on complementarities in the...
Persistent link: https://www.econbiz.de/10005792338
Using U.K. microeconomic data, we analyze the empirical determinants of voluntary annuity market demand. We find that annuity market participation increases with financial wealth, life expectancy and education and decreases with other pension income and a pos- sible bequest motive for surviving...
Persistent link: https://www.econbiz.de/10008466332