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History, Expectations, and Leadership in the Evolution of Social Norms

Acemoglu, Daron - 2011

We study the evolution of the social norm of "cooperation" in a dynamic environment. Each agent lives for two periods … completely drives equilibrium play, leading to a social norm of high or low cooperation. In intermediate cases, the impact of … leverage their greater visibility to influence expectations of future agents and overturn social norms of low cooperation. We …

Persistent link: https://www.econbiz.de/10012461578

What Does the Public Know about Economic Policy, and How Does It Know It?

Blinder, Alan S. - 2004

Public opinion influences politicians, and therefore influences public policy decisions. What are the roles of self-interest, knowledge, and ideology in public opinion formation? And how do people learn about economic issues? Using a new, specially-designed survey, we find that most respondents...

Persistent link: https://www.econbiz.de/10012467903

Starting Small : Endogenous Stakes and Rational Cooperation

Andreoni, James - 2016

types can be exploited to enhance cooperation by structuring the twice-played prisoners' dilemma to "start small," so that …

Persistent link: https://www.econbiz.de/10012456738

Collective Choice and Voluntary Provision of Public Goods

Epple, Dennis - 2000

Some public goods are provided entirely with private contributions, others with a mixture of public and private funding, and still others are entirely publicly funded. To explain this variation, a model of dual provision is developed that endogenizes public and private funding. Members of the...

Persistent link: https://www.econbiz.de/10012470948

The Political Economy of Public Debt : A Laboratory Study

Battaglini, Marco - 2016

This paper reports the results from a laboratory experiment designed to study political distortions in the accumulation … debt associated with larger majority requirements. Also in line with the theory, we find that debt is lower when the …

Persistent link: https://www.econbiz.de/10012456271

The Political Coase Theorem : Experimental Evidence

Galiani, Sebastian - 2014

efficient policies regardless of the distribution of bargaining power among them. This paper uses a laboratory experiment to … at low levels of commitment there is more cooperation than strictly predicted by our parameterized model while the …

Persistent link: https://www.econbiz.de/10012458724

The Shape of Temptation : Implications for the Economic Lives of the Poor

Banerjee, Abhijit - 2010

This paper argues that the relation between temptations and the level of consumption plays a key role in explaining the observed behaviors of the poor. Temptation goods are defined to be the set of goods that generate positive utility for the self that consumes them, but not for any previous...

Persistent link: https://www.econbiz.de/10012462679

Anger and Regulation

Tella, Rafael Di - 2009

We propose a model where voters experience an emotional cost when they observe a firm that has displayed insufficient concern for other people's welfare (altruism) in the process of making high profits. Even with few truly altruistic firms, an equilibrium may emerge where all firms pretend to be...

Persistent link: https://www.econbiz.de/10012463448

Behavioral Aspects of Price Setting, and Their Policy Implications

Rotemberg, Julio J. - 2008

This paper starts by discussing consumers' cognitive and emotional reaction to posted prices. Cognitively, some consumers do not appear to make effective use of price information to maximize their consumption-based utility. Emotionally, prices can induce regret and anger among consumers. The...

Persistent link: https://www.econbiz.de/10012464893

Misconduct in Credence Good Markets

Brown, Jennifer - 2012

We examine misconduct in credence good markets with price taking experts. We propose a market-level model in which price-taking experts extract surplus based on the value of their firm's brand and their own skill. We test the predictions of the model using sales complaint data for exclusive and...

Persistent link: https://www.econbiz.de/10012460054

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