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The (Economic) Effects of Lay Participation in Courts – A Cross-Country Analysis

Voigt, Stefan - CESifo - 2008

Legal philosophers like Montesquieu, Hegel and Tocqueville have argued that lay participation in judicial decision …, lay participation in judicial decision-making can be interpreted as a renunciation of an additional division of labor … least the same magnitude. This paper discusses pros and cons of lay participation, presents a new database and tests some of …

Persistent link: https://www.econbiz.de/10005094207

Fighting for Talent: Risk-shifting, Corporate Volatility, and Organizational Change

Friebel, Guido; Giannetti, Mariassunta - CESifo - 2002

In the nineties, average firm size decreased, organisations decentralized, and workers preferences shifted from large to small firms. Our model identifies the economic forces behind this trend. Small firms with little capital at risk are subject to risk-shifting. They realize more of their...

Persistent link: https://www.econbiz.de/10005196208

Let the Market Decide: An Experimental Study of Competition and Fairness

Bartling, Björn; Grieder, Manuel; Zehnder, Christian - CESifo - 2014

Is competition perceived as a fair procedure? We report data from laboratory experiments where a powerful buyer can trade with one of several sellers. Sellers who feel shortchanged can engage in counterproductive behavior to punish the buyer. We find that the same unfavorable terms of trade...

Persistent link: https://www.econbiz.de/10010781540

Do Markets Erode Social Responsibility?

Bartling, Björn; Weber, Roberto A. - CESifo - 2013

This paper studies the stability of socially responsible behavior in markets. We develop a laboratory product market in …

Persistent link: https://www.econbiz.de/10010718529

Correlation Neglect in Belief Formation

Enke, Benjamin; Zimmermann, Florian - CESifo - 2013

Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...

Persistent link: https://www.econbiz.de/10010718532

Do IMF and World Bank Influence Voting in the UN General Assembly?

Dreher, Axel; Sturm, Jan-Egbert - CESifo - 2006

Using panel data for 188 countries over the period 1970-2002 this paper empirically analyzes the influence of the IMF and the World Bank on voting patterns in the UN General Assembly. Countries receiving adjustment programs and larger non-concessional loans from the World Bank vote more...

Persistent link: https://www.econbiz.de/10005181533

The Golden Hello and Political Transitions

Aidt, Toke S.; Albornoz, Facundo; Gassebner, Martin - CESifo - 2012

We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version of Acemoglu and Robinson’s [American Economic Review 91, 2001] model of political transitions to show how the anticipation of new loans from in-ternational financial...

Persistent link: https://www.econbiz.de/10010583639

The Costs of Favoritism: Is Politically-driven Aid less Effective?

Dreher, Axel; Klasen, Stephan; Vreeland, James Raymond; … - CESifo - 2010

As is now well documented, aid is given for both political as well as economic reasons. The conventional wisdom is that politically-motivated aid is less effective in promoting developmental objectives. We examine the ex-post performance ratings of World Bank projects and generally find that...

Persistent link: https://www.econbiz.de/10008572559

Reciprocity Networks and the Participation Problem

Dufwenberg, Martin; Patel, Amrish - CESifo - 2014

Reciprocity can be a powerful motivation for human behaviour. Scholars argue that it is relevant in the context of private provision of public goods. We examine whether reciprocity can resolve the associated coordination problem. The interaction of reciprocity with cost-sharing is critical....

Persistent link: https://www.econbiz.de/10010812485

The Making of Cultural Policy: A European Perspective

Ploeg, Frederick Van der - CESifo - 2005

No good comparable data on sizes of cultural sectors of the countries of Europe exist. Still, local and national governments of Europe spend substantial resources on culture and cultural sectors contribute significantly to employment and national income. After briefly describing special features...

Persistent link: https://www.econbiz.de/10005765923