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Party Polarization and Electoral Accountability

Testa, Cecilia - Econometric Society - 2004

distance from the candidate of the opponent party. Therefore, parties can use strategically polarization to provide incentives … to candidates. Because of this strategic use, the polarization of the political race may diverge from the polarization of … voters' preferences. In general, the polarization of the political race is a compromise between policy preferences of party …

Persistent link: https://www.econbiz.de/10005699610

Discrete polarization and the measurement of potential ethnic conflict

Reynal-Querol, Marta; Montalvo, Jose G. - Econometric Society - 2004

Esteban and Ray (Econometrica 1994) describe a measure of polarization that is closely connected to potential conflict … for potential conflict and polarization. However it can be shown that the fractionalization index (one minus Herfindahl … or tension in a society, emphasizing the difference between polarization and inequality. In principle a very highly …

Persistent link: https://www.econbiz.de/10005699661

The Dynamic Reform of Political Institutions

Lagunoff, Roger - Econometric Society - 2004

This paper formulates a model of dynamic, endogenous reform of political institutions. Specifically, a class of dynamic political games (DPGs) is introduced in which institutional choice is both recursive and instrumental. It is recursive because future political institutions are decided under...

Persistent link: https://www.econbiz.de/10005328876

Culture as Organizational Capital in Economic Growth

Swanson, Charles E.; Diamantaras, Dimitrios - Econometric Society - 2004

Recent economic growth theory has suggested that wealth differences across nations must be due, at least in part, to the failure in many places to adopt existing production techniques. There are many potential reasons for the failure to adopt existing technology, including the political clout of...

Persistent link: https://www.econbiz.de/10005328939

Achieving Intertemporal Efficiency and Symmetry through Intratemporal Asymmetry: (Eventual) Turn Taking in a Class of Repeated Mixed-Interest Games

Mui, Vai-Lam; Lau, Sau-Him Paul - Econometric Society - 2004

Turn taking is observed in many field and laboratory settings. We study when and how turn taking can be supported as an equilibrium outcome in a class of repeated games, where the stage game is a symmetric two-player mixed-interest game with asymmetric joint-payoff-maximizing outcomes that may...

Persistent link: https://www.econbiz.de/10005702715

Strategic Decisions on Lawyers' Compensations in Civil Disputes

Kim, In-Gyu; Baik, Kyung Hwan - Econometric Society - 2004

We study a model of civil dispute with delegation in which a plaintiff's lawyer works on a contingent fee basis but a defendant's lawyer on an hourly fee basis. We first derive the conditions under which delegation to the lawyers brings both the plaintiff and defendant more payoffs, compared to...

Persistent link: https://www.econbiz.de/10005342327

Hard Evidence and Mechanism Design

Watson, Joel; Bull, Jesse - Econometric Society - 2004

In its standard “public choice” form, the mechanism-design framework abstracts from institutional and technological constraints beyond those that the modeler can represent in the definition of states, outcomes, and preferences. This abstraction can create a useful simplification. However,...

Persistent link: https://www.econbiz.de/10005063593

Status Quo Effects In Bargaining: An Empirical Analysis of OPEC

Hyndman, Kyle - Econometric Society - 2004

We conduct an event analysis on OPEC quota announcements to determine their impact on the stock returns in the oil industry. We find that announcements to reduce the quota are followed by positive excess returns over pre-announcement levels, announcements of no action are met with negative...

Persistent link: https://www.econbiz.de/10005063722

Protective properties and the constrained equal awards rule for claims problems

Yeh, Chun-Hsien - Econometric Society - 2004

We investigate the implications of two properties, sustainability and exemption, when imposed separately in conjunction with other basic properties for the resolution of conflicting claims. Under the protective properties, agents with sufficiently small claims in relation to the others are fully...

Persistent link: https://www.econbiz.de/10005702712

Voting Leaders and Voting Participation

Martinelli, Cesar; Herrera, Helios; Levine, David K. - Econometric Society - 2004

We model electoral competition between two parties in a winner take all election. Parties choose strategically first their platforms and then their campain spending under aggregate uncertainty about voters' preferences. In the unique Nash equilibrium larger elections are characterized by a...

Persistent link: https://www.econbiz.de/10005328928