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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

Employee Ownership, Employment, and Work-from-Home in the Covid-19 Shock to the US Job Market

Xu, Huanan; Blasi, Joseph R.; Kruse, Douglas; Freeman, … - National Bureau of Economic Research - 2024

To what extent, if at all, did employee-owned (EO) firms maintain jobs for workers compared to non-EO firms in the spring 2020 Covid-19 shock to the US economy? Did EO firms shift jobs from workplaces to work-from-home locations in the pandemic more or less than other firms? This paper uses a...

Persistent link: https://www.econbiz.de/10015171711

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

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

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

What Drives Tax Policy? Political, Institutional and Economic Determinants of State Tax Policy

Robinson, Sarah; Tazhitdinova, Alisa - National Bureau of Economic Research - 2023

We collect detailed data on U.S. state personal income, corporate, sales, cigarette, gasoline, and alcohol taxes over the past 70 years to shed light on the determinants of state tax policies. We provide a comprehensive summary of how tax policy has changed over time, within and across states....

Persistent link: https://www.econbiz.de/10014287368