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Agranov, Marina; Eraslan, Hülya; Tergiman, Chloe - National Bureau of Economic Research - 2022

We experimentally study unanimity and majority voting rules in multilateral bargaining environments with stochastic future surplus. In these settings, reaching agreement when expected future surplus is sufficiently higher than the current surplus is inefficient. Theoretically, such...

Persistent link: https://www.econbiz.de/10013388790

A Quantile Model of Firm Investment

Almeida, Heitor; Campello, Murillo; Castro, Luciano I. de; … - National Bureau of Economic Research - 2024

We develop a dynamic model of firm investment under uncertainty that captures firms' risk attitude using quantile preferences. The firm maximizes its present value, defined as current profits and investment plus the discounted value of the τ-quantile of its value next period. In our framework,...

Persistent link: https://www.econbiz.de/10014544776

Protection for Sale with Imperfect Rent Capturing

Facchini, Giovanni - 2005

Structurally estimating the Grossman and Helpman (1994) model using coverage ratios that include non-tariff barriers leads to biased parameter estimates. We develop a "protection for sale" theoretical framework consistent with the data, by explicitly allowing for non-tariff barriers. Introducing...

Persistent link: https://www.econbiz.de/10012467416

Horizontal and Vertical Conflict : Experimental Evidence

Galiani, Sebastian - 2016

Two types of political conflicts of interest pervade many of the world's societies. A horizontal conflict of interest … arises when different constituencies support different policies, while a vertical conflict of interest emerges when those in … predictions using two experiments. In both cases we find support for the proposition that more intense horizontal conflict leads …

Persistent link: https://www.econbiz.de/10012456815

African Political Institutions and the Impact of Colonialism

Bolt, Jutta; Gardner, Leigh; Kohler, Jennifer; Paine, Jack - National Bureau of Economic Research - 2022

Conventional wisdom proposes deep historical roots for authoritarianism in Africa: either colonial "decentralized despotism" or enduring structural features. We present a new theoretical perspective. Africans sought autonomous local communities, which constrained precolonial rulers. Colonizers...

Persistent link: https://www.econbiz.de/10013435144

Liquid Democracy : Two Experiments on Delegation in Voting

Campbell, Joseph; Casella, Alessandra; De Lara, Lucas; … - National Bureau of Economic Research - 2022

Under Liquid Democracy (LD), decisions are taken by referendum, but voters are allowed to delegate their votes to other voters. Theory shows that in common interest problems where experts are correctly identified, the outcome can be superior to simple majority voting. However, even when experts...

Persistent link: https://www.econbiz.de/10013477287

The Economic Approach to Political Borders

Spolaore, Enrico - National Bureau of Economic Research - 2022

, international openness, and conflict. It also reviews theories of political integration and disintegration focused on economic … empirical studies that shed light on the relations among heterogeneity, conflict, and borders. This line of research is part of …

Persistent link: https://www.econbiz.de/10013477293

Exporting Ideology : The Right and Left of Foreign Influence

Antràs, Pol; Padró i Miquel, Gerard - National Bureau of Economic Research - 2023

We present an economic rationale for countries resorting to foreign influence to export their ideology to other nations. Our model incorporates two fundamental elements: redistribution of the tax burden between capital owners and workers, and international capital mobility. The model highlights...

Persistent link: https://www.econbiz.de/10014322786

Campaigning Against Populism Emotions and Information in Real Election Campaigns

Cruz, Cesi; Labonne, Julien; Trebbi, Francesco - National Bureau of Economic Research - 2024

Populist politicians have leveraged direct connections with voters to win elections worldwide, often using emotional rather than policy appeals. Do these forms of campaigning work for programmatic politicians as well? We partner with a mainstream opposition political party to implement a field...

Persistent link: https://www.econbiz.de/10014486204

Why is Trade Not Free? : A Revealed Preference Approach

Adão, Rodrigo; Costinot, Arnaud; Donaldson, Dave; … - National Bureau of Economic Research - 2023

A prominent explanation for why trade is not free is politicians' desire to protect some of their constituents at the expense of others. In this paper we develop a methodology that can be used to reveal the welfare weights that a nation's import tariffs implicitly place on different groups of...

Persistent link: https://www.econbiz.de/10014421223

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