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Does Responsive Pricing Smooth Demand Shocks?

Courty, Pascal; Pagliero, Mario - C.E.P.R. Discussion Papers - 2008

Using data from a unique pricing experiment, we investigate Vickrey’s conjecture that responsive pricing can be used to smooth both predictable and unpredictable demand shocks. Our evidence shows that increasing the responsiveness of price to demand conditions reduces the magnitude of...

Persistent link: https://www.econbiz.de/10005661936

Crime and Conformism

Patacchini, Eleonora; Zenou, Yves - C.E.P.R. Discussion Papers - 2005

We propose a simple conformism model that explains how parental education and peer pressure impact on criminal activities. We then test the model using the U.S. National Longitudinal Survey of Adolescent Health (AddHealth), which contains unique information on friendship relationships among...

Persistent link: https://www.econbiz.de/10005067654

Self-enforcing Norms and the Efficient Non-cooperative Organization of Clans

Konrad, Kai A.; Leininger, Wolfgang - C.E.P.R. Discussion Papers - 2007

We study how norms can solve distributional conflict inside a clan and the efficient coordination of collective action …

Persistent link: https://www.econbiz.de/10005656134

Ideologues: Explaining Partisanship and Persistence in Politics (and Elsewhere)

Buehler, Benno; Kessler, Anke - C.E.P.R. Discussion Papers - 2010

This paper provides an explanation for why political leaders may want to adopt ideological positions and maintain them over time even in the face of conflicting evidence. We study a dynamic framework in which politicians are better informed than the voting public about an underlying state of...

Persistent link: https://www.econbiz.de/10008468503

The Stability Threshold and Two Facts of Polarization

Haimanko, Ori; Le Breton, Michel; Weber, Shlomo - C.E.P.R. Discussion Papers - 2005

polarization of citizens' preferences and characteristics. We show that the increasing degree of polarization does not, in general …-intuitively, the relation between polarization and the stability threshold is ambiguous. We also examine the question of the number of … number and the degree of the country polarization. We find that the stable number of countries also behaves non …

Persistent link: https://www.econbiz.de/10005123952

Twin Peaks: Growth and Convergence in Models of Distribution Dynamics

Quah, Danny - C.E.P.R. Discussion Papers - 1996

Convergence concerns poor economies catching up with rich ones. At issue is what happens to the cross-sectional distribution of economies, not whether a single economy tends towards its own steady state. It is the latter, however, that has preoccupied the traditional approach to convergence...

Persistent link: https://www.econbiz.de/10005497811

Does polarization of opinions lead to polarization of platforms? the case of correlation neglect

Levy, Gilat; Razin, Ronny - C.E.P.R. Discussion Papers - 2015

In this paper we question the common wisdom that more polarized voters’ opinions imply larger policy polarization. We … analyze a voting model in which the source of the polarization in voters’ opinions is “correlation neglect”, that is, voters … neglect the correlation in their information sources. Our main result shows that such polarization in opinions does not …

Persistent link: https://www.econbiz.de/10011165657

Party Formation and Racism

Anesi, Vincent; De Donder, Philippe - C.E.P.R. Discussion Papers - 2007

We develop a model where voters differ in their exogenous income and in their ideological views regarding what we call 'racism'. Electoral competition, modelled à la Levy (2004), takes place between (one or several) parties which propose platforms consisting of both an ideological and an...

Persistent link: https://www.econbiz.de/10005114242

Economic Science and Political Influence

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2012

institutes, the extent to which intellectual competition between different schools of thought may lead to polarization of views …

Persistent link: https://www.econbiz.de/10011084158

Empirics for Economic Growth and Convergence

Quah, Danny - C.E.P.R. Discussion Papers - 1995

regressions, time-series modelling, panel data analysis - can be misleading for understanding convergence; a model of polarization …

Persistent link: https://www.econbiz.de/10005792413