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We study how reelection concerns affect reciprocity by elected leaders to the voters who elected them. If showing … reciprocity? We present a signalling model of candidate behavior, where we show that candidates may limit intrinsic reciprocity to … reelected may limit intrinsic reciprocity of an elected leader to the voters who put her in office, but does not eliminate it …
Persistent link: https://www.econbiz.de/10012481495
This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....
Persistent link: https://www.econbiz.de/10013334417
We study the volunteer's dilemma in environments with heterogeneous preferences and private information. We characterize the efficiency properties of equilibrium, which is a departure from all the previous literature that focuses only on the probability of group success. While the probability of...
Persistent link: https://www.econbiz.de/10015072940
lifting) matter less when individuals are more patient and altruistic, or exhibit less negative reciprocity. To account for …
Persistent link: https://www.econbiz.de/10012481717
costly contracts or expensive reputations. Concurrently, experiments suggest that reciprocity is a potent substitute for law …
Persistent link: https://www.econbiz.de/10012455329
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish conditions under which the equilibrium is unique and converges to a system of differential equations. Using unique and comprehensive pricing and bookings data for competing...
Persistent link: https://www.econbiz.de/10013362001
This essay discusses the reasons for and implications of the decline in real interest rates around the world over the past several decades. It suggests that the decline in interest rates is largely explicable from trends in saving, growth, and markups. In this environment, greater government...
Persistent link: https://www.econbiz.de/10013210052
consistent with the data. Through counter-factual experiments, we find that while entitlements programs are sub-optimally large …
Persistent link: https://www.econbiz.de/10013210072
We use detailed data from Indonesian cities to study how variation in density within urban areas affects social capital. For identification, we instrument density with soil characteristics, and control for community averages of observed characteristics. Under plausible assumptions, these...
Persistent link: https://www.econbiz.de/10013210096
This paper introduces a new measure of the labor markets served by colleges and universities across the United States. About 50 percent of recent college graduates are living and working in the metro area nearest the institution they attended, with this figure climbing to 67 percent in-state....
Persistent link: https://www.econbiz.de/10013210116