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were either fraudulent or would be disenfranchised by a strict law, the enactment of such a law would have only a very … could have been flipped due to a strict law. Collectively, our findings indicate that even if the worst fears of proponents …
Persistent link: https://www.econbiz.de/10012480150
This article considers situations in which plaintiffs seek nonmonetary judgments, for instance, custody of a child or an injunction. The primary questions of interest concern when parties will be likely to settle and, if so, what the nature of their settlements will be. The answers to these...
Persistent link: https://www.econbiz.de/10012474968
Effective policy-making requires that voters avoid electing malfeasant politicians. However, as our simple learning model emphasizing voters' prior beliefs and updating highlights, informing voters of incumbent malfeasance may not entail sanctioning. Specifically, electoral punishment of...
Persistent link: https://www.econbiz.de/10012452835
We analyze a model of US presidential primary elections for a given party. There are two candidates, one of whom is a …
Persistent link: https://www.econbiz.de/10012459321
Why are contracts incomplete? Transaction costs and bounded rationality cannot be a total explanation since states of the world are often describable, foreseeable, and yet are not mentioned in a contract. Asymmetric information theories also have limitations. We offer an explanation based on...
Persistent link: https://www.econbiz.de/10012459661
We argue that the Democratic Party's evolution on economic policy helps explain partisan realignment by education. We …-described "New Democrat" party faction who court more educated voters and are explicitly skeptical of predistribution. Consistent … campaigns relative to Republican primaries. In response to these within-party changes in power, less-educated Americans began to …
Persistent link: https://www.econbiz.de/10014421220
effect of spillovers on research productivity of firms exceeds the structural effect because it includes an active learning … expenditures and internal research expenditures. The findings are consistent with the view that learning expenditures transmit the …
Persistent link: https://www.econbiz.de/10012471292
conclude by offering suggestions for improving future empirical research on this issue …
Persistent link: https://www.econbiz.de/10012471411
We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random times. By foregoing investment in a current idea, society as a whole preserves an option to invest in a better idea for the same market niche, but with delay. Because successive...
Persistent link: https://www.econbiz.de/10012463708
The identification of age, cohort (vintage), and period (year) effects in a panel of individuals or other units is an old problem in the social sciences, but one that has not been much studied in the context of measuring researcher productivity. In the context of a semi-parametric model of...
Persistent link: https://www.econbiz.de/10012466933