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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...
Persistent link: https://www.econbiz.de/10011165657
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Public Opinion on Immigration: Has the Recession Changed Minds?
Hatton, Timothy J. - C.E.P.R. Discussion Papers - 2014
It is widely believed that the current recession has soured public attitudes towards immigration. But most existing studies are cross sectional and can shed little light on the economy-wide forces that shift public opinion on immigration. In this paper I use the six rounds of the European Social...
Persistent link: https://www.econbiz.de/10011083671
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Public Debate and Stock Prices: Evidence from the Voting Premium
Braggion, Fabio; Giannetti, Mariassunta - C.E.P.R. Discussion Papers - 2013
An intense debate on the use of limited-voting shares developed in the UK during the 1950s. Using a unique hand-collected dataset, we show that negative news coverage of limited-voting shares is associated with an increase in the relative price of voting and limited-voting shares (the voting...
Persistent link: https://www.econbiz.de/10011084453
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Do the Biggest Aisles Serve a Brighter Future? Global Retail Chains and Their Implications for Romania
Javorcik, Beata; Li, Yue - C.E.P.R. Discussion Papers - 2008
-level data from Romania, this study examines how the presence of global retail chains affects firms in the supplying industries …
Persistent link: https://www.econbiz.de/10005791348
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Hardened Budgets and Enterprise Restructuring: Theory and an Application to Romania
Coricelli, Fabrizio; Djankov, Simeon - C.E.P.R. Discussion Papers - 2001
We identify the presence of soft budgets and analyse their impact on enterprise restructuring in Romania over the …
Persistent link: https://www.econbiz.de/10005123818
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Regional Unemployment and Human Capital in Transition Economies
Jurajda, Stepan; Terrell, Katherine - C.E.P.R. Discussion Papers - 2007
Differences in regional unemployment in post-communist economies are large and persistent. We show that inherited variation in human-capital endowment across the regions of four such economies explains the bulk of regional unemployment variation there and we explore potential explanations for...
Persistent link: https://www.econbiz.de/10005136518
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Competition and Firm Performance in Transition Economies: Evidence from Firm Level Surveys in Slovenia, Hungary and Romania
Konings, Jozef - C.E.P.R. Discussion Papers - 1997
countries, Hungary, Romania and Slovenia. The data are based on interviews taken in more than 300 state-owned, privatized and … pressure has a positive impact on firm performance in Hungary and Slovenia, but not in Romania, while in Romenia short … Romania, the results are somewhat mixed; state-owned enterprises do worse than employee-owned (privatized) and newly …
Persistent link: https://www.econbiz.de/10005498145
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The Enterprise Isolation Programme in Romania
Djankov, Simeon - C.E.P.R. Discussion Papers - 1999
We provide comprehensive analysis of the isolation program for financially distressed firms in Romania. The results …
Persistent link: https://www.econbiz.de/10005666566
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Political Connections and Firm Value: Evidence from the Regression Discontinuity Design of Close Gubernatorial Elections
Do, Quoc-Anh; Lee, Yen-Teik; Nguyen, Bang Dang - C.E.P.R. Discussion Papers - 2015
Using the regression discontinuity design of close gubernatorial elections in the U.S., we identify a significant and positive impact of the social networks of corporate directors and politicians on firm value. Firms connected to elected governors increase their value by 3.89%. Political...
Persistent link: https://www.econbiz.de/10011249372
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Optimal Patronage
Drugov, Mikhail - C.E.P.R. Discussion Papers - 2015
and applications include political groups, ethnicities, agents motivated by the work in the public sector and corruption … that patronage may be strictly positive in both of them. We also apply the second setting to the case of corruption. …
Persistent link: https://www.econbiz.de/10011145475