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Sgroi, D. - Faculty of Economics, University of Cambridge - 2004

Is majority opinion a better guide to action than a minority view? This paper demonstrates that a direct application of rational herding theory to this novel area can produce a surprisingly counter-intuitive result: given (i) the minority has a clear conformist view and (ii) decision-makers...

Persistent link: https://www.econbiz.de/10005647477

Structural Modelling of Female Labour Participation and Occupation Decisions

De Hoyos, R.E. - Faculty of Economics, University of Cambridge - 2006

The objective of this paper is to estimate the parameters defining female labour participation and occupation decisions …. Departing from a theoretical framework, we use micro data to estimate the wage-participation elasticity in Mexico. Consistency … between the selectivity-adjusted wages and the multinomial participation equations is achieved via a two-step estimation …

Persistent link: https://www.econbiz.de/10005647487

With God We Trust: Religion, Trust and Cooperation in Large-Scale Societies

Gagnon, Julien - Faculty of Economics, University of Cambridge - 2014

clear and tractable predictions about the levels of religious affiliation and participation within a society. Evidence of …

Persistent link: https://www.econbiz.de/10010761906

Understanding Interactions in Social Networks and Committees

Bhattacharjee, A.; Holly, S. - Faculty of Economics, University of Cambridge - 2010

While much of the literature on cross section dependence has focused mainly on estimation of the regression coefficients in the underlying model, estimation and inferences on the magnitude and strength of spill-overs and interactions has been largely ignored. At the same time, such inferences...

Persistent link: https://www.econbiz.de/10008545810

Group Decision-Making: An Economic Analysis of Social Influence and Individual Difference in Experimental Juries

Parkinson, S.; Baddeley, M. - Faculty of Economics, University of Cambridge - 2011

In a jury decision-making, individuals must compromise in order to reach a group consensus. If individuals compromise for non-rational reasons, such as a preference for conformity or due to erroneous information, then the final decision of the group may be biased. This paper presents original...

Persistent link: https://www.econbiz.de/10009024884

Rationalising ‘Irrational’ Support for Political Violence

Jennings, C. - Faculty of Economics, University of Cambridge - 2011

This paper provides a rationale for group support for political violence in situations where violence does not provide a material benefit. Rabin’s (1993) theory of fairness is adopted to demonstrate that although group violence may not be the equilibrium of a material game it may be a fairness...

Persistent link: https://www.econbiz.de/10009024888

Distributive Politics and Electoral Incentives: Evidence from Seven US State Legislatures

Aidt, T.S.; Shvets, J. - Faculty of Economics, University of Cambridge - 2011

We study the effect of electoral incentives on the allocation of public services across legislative districts. We develop a model in which elections encourage individual legislators to cater to parochial interests and thus aggravate the common pool problem. Using unique data from seven US...

Persistent link: https://www.econbiz.de/10009024899

Political competition and Mirrleesian income taxation: A first pass

Bierbrauer, F.J.; Boyer, F.J. - Faculty of Economics, University of Cambridge - 2011

We study Downsian competition in a Mirrleesian model of income taxation. The competing politicians may dier in competence. If politicians engage in vote-share maximization, the less competent politician's policy proposals are attractive to the minority of rich agents, whereas those of the...

Persistent link: https://www.econbiz.de/10009024904

Knowledge is power: A theory of information, income and welfare spending

Lind, J.T.; Rohner, D. - Faculty of Economics, University of Cambridge - 2011

informed than others. We develop a model where the voting mistakes resulting from low political knowledge reduce the weight of …. In US election survey data, we find that income is more important in affecting voting behavior for more informed voters …

Persistent link: https://www.econbiz.de/10009352236

Corruption and Sustainable Development

Aidt, T.S. - Faculty of Economics, University of Cambridge - 2010

This paper studies the relationship between corruption and sustainable development in a sample of 110 countries between 1996 and 2007. Sustainability is measured by growth in genuine wealth per capita. The empirical analysis consistently finds that cross-national measures of perceived and...

Persistent link: https://www.econbiz.de/10008727347