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Level r Consensus and Stable Social Choice

Mahajne, Muhammad; Nitzan, Shmuel; Volij, Oscar - CESifo - 2014

the stability of social choice. This concept involves a weakening of unanimity, the most extreme form of consensus. It is …

Persistent link: https://www.econbiz.de/10010877963

How Weak is the Weakest-Link Principle?On the Measurement of Firm Owners’Control Rights

Edwards, Jeremy; Weichenrieder, Alfons - CESifo - 2004

voting power indices, is proposed, and the different measures are compared using a sample of large listed German firms …

Persistent link: https://www.econbiz.de/10005196258

How Important is Discount Rate Heterogeneity for Wealth Inequality?

Hendricks, Lutz - CESifo - 2005

This paper investigates the role of discount rate heterogeneity for wealth inequality. The key idea is to infer the distribution of preference parameters from the observed age profile of wealth inequality. The contribution of preference heterogeneity to wealth inequality can then be measured...

Persistent link: https://www.econbiz.de/10005406037

Politics and IMF Conditionality

Dreher, Axel; Sturm, Jan-Egbert; Vreeland, James Raymond - CESifo - 2013

Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for continued installments of desperately needed loans, governments must comply with austere policy changes. Many have suggested, however, that politically important countries face rather...

Persistent link: https://www.econbiz.de/10010877803

Altruistic Punishment in Elections

Aimone, Jason A.; Butera, Luigi; Stratmann, Thomas - CESifo - 2014

understanding of this form of costly punishment to help explain a puzzle of voting behavior: why do people who are indifferent … between two potential policy outcomes of an election participate in large-scale elections when voting is costly? Using a … simple voting experiment, we show that many voters are willing to engage in voting as a form of punishment, even when voting …

Persistent link: https://www.econbiz.de/10010888449

Behavioral Political Economy: A Survey

Schnellenbach, Jan; Schubert, Christian - CESifo - 2014

Explaining individual behavior in politics should rely on the same motivational assumptions as explaining behavior in the market: That’s what Political Economy, understood as the application of economics to the study of political processes, is all about. In its standard variant, those who...

Persistent link: https://www.econbiz.de/10010948848

Tipping versus Cooperating to Supply a Public Good

Barrett, Scott; Dannenberg, Astrid - CESifo - 2015

In some important multi-player situations, such as efforts to supply a global public good, players can choose the game they want to play. In this paper we conduct an experimental test of the decision to choose between a “tipping” game, in which every player wants to contribute to the public...

Persistent link: https://www.econbiz.de/10011210784

Democratic Participation and the Size of Regions: An Empirical Study Using Data on German Counties

Seitz, Helmut - CESifo - 2008

The paper examines the relation between political participation and the size of regions taking German counties as observational units. The paper makes several contributions to the literature. To begin with, we measure political participation along two dimensions namely voter turnout, which is...

Persistent link: https://www.econbiz.de/10005249471

Voting on Punishment Systems within a Heterogeneous Group

Noussair, Charles; Tan, Fangfang - CESifo - 2009

productivity. Nevertheless, only a minority of sessions converge to this system, indicating a tendency for the voting process to …

Persistent link: https://www.econbiz.de/10005013941

Lexicographic Voting

Klingelhöfer, Jan - CESifo - 2012

ideological policy dimension. Voters achieve this outcome by following a simple lexicographic voting strategy. They cast their …

Persistent link: https://www.econbiz.de/10010539147