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Lobbying of Firms by Voters
Dahm, Matthias; Dur, Robert; Glazer, Amihai - Tinbergen Institute - 2009
A firm may induce voters or elected politicians to support a policy it favors by suggesting that it is more likely to invest in a district whose voters or representatives support the policy. In equilibrium, no one vote may be decisive, and the policy may gain strong support though the majority...
Persistent link: https://www.econbiz.de/10004964459
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Delegation or Voting
Swank, Otto H.; Visser, Bauke - Tinbergen Institute - 2002
quality has been acquired or not, we compare the performance of a delegation structure with that of two voting procedures …. Delegation makes one's acceptance decision pivotal by definition. The decisiveness of one's vote in a voting procedure depends on …
Persistent link: https://www.econbiz.de/10005137291
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Oligopolistic Competition in Price and Quality
Dubovik, Andrei; Janssen, Maarten C.W. - Tinbergen Institute - 2008
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...
Persistent link: https://www.econbiz.de/10005136872
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Do Elections lead to Informed Public Decisions?
Swank, Otto H.; Visser, Bauke - Tinbergen Institute - 2003
Democracies delegate substantial decision power to politicians. Using a model in which an incumbent can design, examine and implement public policies, we show that examination takes place in spite of, rather than thanks to, elections. Elections are needed as a carrot and a stick to motivate...
Persistent link: https://www.econbiz.de/10005137020
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Vanity in Politics: A Problem?
Suurmond, Guido; Swank, Otto H.; Visser, Bauke - Tinbergen Institute - 2002
Can vanity do any good? It may seem obvious to answer this question in the negative, as economists have shown how reputational concerns lead agents e.g. to ignore valuable information, to herd, and to become overly risk averse. We explore how proud agents may be a social blessing. An agent may...
Persistent link: https://www.econbiz.de/10005450753
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Information and Strategic Voting
Tyszler, Marcelo; Schram, Arthur - Tinbergen Institute - 2011
voting, where voters choose from three options. We are interested in the occurrence of strategic voting in an environment … experimental data. Our results indeed show that strategic voting arises, the extent of which depends on (i) the availability of … results show that information serves as a coordination device where strategic voting does not harm the plurality …
Persistent link: https://www.econbiz.de/10008838645
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National Interference in Local Public Good Provision
Dur, Robert; Staal, Klaas - Tinbergen Institute - 2003
We analyze a simple model of local public good provision in a country consisting of a large number of heterogeneous regions, each comprising two districts, a city and a village. When districts remain autonomous and local public goods have positive spillover effects on the neighbouring district,...
Persistent link: https://www.econbiz.de/10005137389
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Committee Structure and its Implications for Monetary Policy Decision-making
Berk, Jan Marc; Bierut, Beata K. - Tinbergen Institute - 2003
committee, in which a subset of members may meet prior to the voting in the committee and therefore has the possibility to reach … consensus ex ante to vote unanimously ex post. We allow for different committee sizes, various voting rules and differences in … on the setting of interest rates by the committee, provided that members on average are equally skilled and voting takes …
Persistent link: https://www.econbiz.de/10005504955
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Asymmetric Price Effects of Competition
Lach, Saul; Moraga-González, José Luis - Tinbergen Institute - 2009
This paper examines how the distribution of prices changes with the number of competitors in the market. Using gasoline price data from the Netherlands we find that as competition increases, the distribution of prices spreads out: the low prices go down while the high prices go up, on average....
Persistent link: https://www.econbiz.de/10005016256
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Imperfect Information, Lagged Labor Adjustment and the Great Moderation
Willems, Tim; Wijnbergen, Sweder van - Tinbergen Institute - 2009
This paper first documents the increase in the time lag with which labor input reacts to output fluctuations ("the labor adjustment lag") that is visible in US data since the mid-1980s. We show that a lagged labor adjustment response is optimal in a setting where there is uncertainty about the...
Persistent link: https://www.econbiz.de/10004964451