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Learning Dynamics and the Support for Economic Reforms: Why Good News can be Bad
Wijnbergen, Sweder van; Willems, Tim - Tinbergen Instituut - 2012
identity (reform winner or loser?) more pessimistic about their chances of benefiting from the reform. Consequently, learning …/08/25/wber.lhu005.abstract?sid=a3f17f9e-0c3c-403b-87cc-14b5eebc2752">'The World Bank Economic Review'</A>, forthcoming … successfully but nevertheless lost public support, and vice versa. We show that learning dynamics can rationalize this apparent …
Persistent link: https://www.econbiz.de/10011255925
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Do Polls create Momentum in Political Competition?
Denter, Philipp; Sisak, Dana - Tinbergen Instituut - 2013
We explore how public opinion polls affect candidates' campaign spending in political competition. Generally, polls lead to (more) asymmetric behavior. Under a majority rule there always exists an equilibrium in which the initially more popular candidate invests more in the campaign and thereby...
Persistent link: https://www.econbiz.de/10011255586
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Information and Strategic Voting
Tyszler, Marcelo; Schram, Arthur - Tinbergen Instituut - 2011
We theoretically and experimentally study voter behavior in a setting characterized by plurality rule and mandatory voting, where voters choose from three options. We are interested in the occurrence of strategic voting in an environment where Condorcet cycles may occur. In particular, we focus...
Persistent link: https://www.econbiz.de/10011255903
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Do Elections lead to Informed Public Decisions?
Swank, Otto H.; Visser, Bauke - Tinbergen Instituut - 2003
This discussion paper led to a publication in 'Public Choice', 129, 435-460.<P> 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...</p>
Persistent link: https://www.econbiz.de/10011255916
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Vanity in Politics: A Problem?
Suurmond, Guido; Swank, Otto H.; Visser, Bauke - Tinbergen Instituut - 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/10011255970
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Deliberation, Information Aggregation and Collective Decision Making
Swank, Otto H.; Wrasai, Phongthorn - Tinbergen Instituut - 2002
We study a model of collective decision making with endogenous information collection.Agents collect information about the consequences of a project, communicate, and then vote onthe project. We examine under what conditions communication may increase the probability thatgood decisions are made....
Persistent link: https://www.econbiz.de/10011255757
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The Effects of Learning in Interactive Monetary Policy Committees
Berk, Jan Marc; Bierut, Beata K. - Tinbergen Instituut - 2004
We develop a theoretical framework for studying the effects of interaction on the quaJity of decision-making by monetary policy committees. We show that interaction, i.e. increasing one's expertise through an exchange of views, is most likely not to result in interdependent voting...
Persistent link: https://www.econbiz.de/10011256224
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Learning, Forecasting and Optimizing: An Experimental Study
Bao, Te; Duffy, John; Hommes, Cars - Tinbergen Instituut - 2012
This discussion paper led to a publication in the 'European Economic Review' (2013). Vol. 61, pp. 186-204.<P> Rational Expectations (RE) models have two crucial dimensions: 1) agents correctly forecast future prices given all available information, and 2) given expectations, agents solve...</p>
Persistent link: https://www.econbiz.de/10011256912
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Decision Making and Learning in a Globalizing World
Swank, Otto H.; Visser, Bauke - Tinbergen Instituut - 2010
We study two aspects of globalization. It allows a decision-maker to go beyond his own local experience and to learn from other decision-makers in addressing common problems. This improves the identification and diffusion of best practices. It also provides extra information to `markets' that...
Persistent link: https://www.econbiz.de/10011257292
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What determines Enterprise Performance in Russia? A Survey of the Evidence
Moers, Luc - Tinbergen Instituut - 1999
regional competition isrelated with better performance. Secondly, privatization per se isnot. If there is one ownership …
Persistent link: https://www.econbiz.de/10011256352