Showing 1 - 10 of 14
Failures of government policies often provoke opposite reactions from citizens; some call for a reversal of the policy while others favor its continuation in stronger form. We offer an explanation of such polarization, based on a natural bimodality of preferences in political and economic...
Persistent link: https://www.econbiz.de/10005190909
fund or debt will affect the degree of redistribution as well as how efficient the financing of health care is. In a voting …
Persistent link: https://www.econbiz.de/10005649151
We study voting over education subsidies where poor individuals may be excluded and the rich may chose private …
Persistent link: https://www.econbiz.de/10005649461
Employee share ownership is growing increasingly important. This paper studies employee share ownership in an economy with one monopoly union for each firm. We modify an implicit contra t model by adding dividend income to the usual wage income. Union members differ in exogenous stock endowments...
Persistent link: https://www.econbiz.de/10005649489
states of the world. We characterize the optimal anonymous and deterministic voting rule and provide a homogeneity assumption … on preferences and beliefs under which sincere voting is a Nash equilibrium for this rule. We also provide a necessary … and sufficient condition for sincere voting to be an equilibrium under any deterministic majoritarian voting rule. We show …
Persistent link: https://www.econbiz.de/10005649510
platform. This suggest that local equilibrium policies can be the predicted outcome even if the voting process is not myopic in …
Persistent link: https://www.econbiz.de/10005651521
Reciprocal behavior, the rewarding of kind acts and the punishment of unkind acts, is relatively well established among adults. We test if reciprocal behavior exists already among children 3-8 years old. Three simple anonymous allocation games are conducted with 242 children. In a first stage,...
Persistent link: https://www.econbiz.de/10005423843
In this paper, we use the classical twin design to provide estimates of genetic and environmental influences on experimentally elicited preferences for risk and giving. Using standard methods from behavior genetics, we find strong prima facie evidence that these preferences are broadly heritable...
Persistent link: https://www.econbiz.de/10005190832
Hedging risks is an important rationale for the existence of forward markets. However, Allaz and Vila (1993) show that duopolists can also have a strategic motive to sell forward, irrespective of exogenous uncertainties. Moreover, in their model the possibility of forward trading increases...
Persistent link: https://www.econbiz.de/10005190907
preferences, knowledge, and behavior. This note strives to clarify some issues in connection with laboratory experiments, from the …
Persistent link: https://www.econbiz.de/10005649156