Showing 1 - 10 of 73
We analyse an experimental public goods game in which group members can endogenously determine whether they want to supplement a standard voluntary contribution mechanism with the possibility of rewarding or punishing other group members. We find a large and positive effect of endogenous...
Persistent link: https://www.econbiz.de/10005114368
Democratic systems are built, with good reason, on majoritarian principles, but their legitimacy requires the protection of strongly held minority preferences. The challenge is to do so while treating every voter equally and preserving aggregate welfare. One possible solution is storable votes:...
Persistent link: https://www.econbiz.de/10005662342
membership, using regional referendum results and individual survey data on voting intentions. We find that favourable individual …
Persistent link: https://www.econbiz.de/10005666521
This paper investigates, in a simplified macro context, the joint determination of the (incorrect) perceived model and the equilibrium. I assume that the model is designed by a self-interested economist who knows the true structural model, but reports a distorted one so as to influence outcomes....
Persistent link: https://www.econbiz.de/10009144736
illustrates the tight link between parameter identification and the scope for bias that is generated by the autocoherence …
Persistent link: https://www.econbiz.de/10009150948
This article provides a review of recent literature in economics on the effect of mass media on politics. The focus is on the welfare effects of mass media. I also discuss the likely implications of existing behavioral theories of media effects, developed outside of economics.
Persistent link: https://www.econbiz.de/10011168894
We study the effects of unequal representation in the interest-group system on the degree of information transmission between a lobbyist and a policy-maker. Employing a dynamic cheap-talk model in which the lobbyist cares instrumentally about his reputation for truth telling, we show that the...
Persistent link: https://www.econbiz.de/10005792547
distribution of VAR impulse response estimators is undermined by the estimator’s bias. A natural conjecture is that impulse … estimators tend to have both higher bias and higher variance, resulting in pointwise impulse response confidence intervals that …
Persistent link: https://www.econbiz.de/10005666791
choices are private information. It is optimal for the organization to `bias' the second contest in favor of the early winner …
Persistent link: https://www.econbiz.de/10005667058
in three areas. First, we use identical twins, to control for family effects and genetic ability bias, and the education … findings suggest lower ability bias in within-twin pair regressions than pooled regressions. Third, using data on twins smoking … we show smoking reflects family background and using it as an instrument exacerbates ability bias. …
Persistent link: https://www.econbiz.de/10005662039