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Bénabou, Roland - C.E.P.R. Discussion Papers - 2008

I develop a model of ideologies as collectively sustained (yet individually rational) distortions in beliefs concerning the proper scope of governments versus markets. In processing and interpreting signals of the efficacy of public and market provision of education, health insurance, pensions,...

Persistent link: https://www.econbiz.de/10005662410

Reform Redux: Measurement, Determinants and Reversals

Campos, Nauro F; Horváth, Roman - C.E.P.R. Discussion Papers - 2006

We construct objective measures of privatization, internal and external liberalization reform efforts, across countries … external liberalization and privatization, concentration of political power drives internal liberalization, and democracy … underpins all three. We find that FDI inflows reduce the probability of privatization reversals, labour strikes increase that of …

Persistent link: https://www.econbiz.de/10005661434

Economic Reforms and Industrial Policy in a Panel of Chinese Cities

Alder, Simon; Shao, Lin; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2013

We estimate the effect on economic development of China's industrial policy, in particular, the establishment of Special Economic Zones (SEZ). We use data from a panel of 276 Chinese cities and prefectures from 1988 to 2010. Our difference-in-difference estimator exploits the variation in the...

Persistent link: https://www.econbiz.de/10011084232

Heterogeneous Information and Trade Policy

Ponzetto, Giacomo AM - C.E.P.R. Discussion Papers - 2011

Protectionism enjoys surprising popular support, in spite of deadweight losses. At the same time, trade barriers appear to decline with public information about protection. This paper develops an electoral model with heterogeneously informed voters which explains both facts and predicts the...

Persistent link: https://www.econbiz.de/10009399721

A Theory of Rent Seeking with Informational Foundations

Lagerlöf, Johan N. M. - C.E.P.R. Discussion Papers - 2006

I develop a model of rent seeking with informational foundations and an arbitrary number of rent seekers, and I compare the results with Tullock's (1980) classic model where the influence activities are "black-boxed." Given the microfoundations, the welfare consequences of rent seeking can be...

Persistent link: https://www.econbiz.de/10005788985

Why a Group Needs a Leader: Decision-making and Debate in Committees.

Dessein, Wouter - C.E.P.R. Discussion Papers - 2007

I develop a model of group decision-making, in which a committee generates proposals and holds open discussions, but the ultimate decision is either taken by a leader (decision by authority) or by majority vote. Optimal communication processes are studied that combine both cheap talk statements...

Persistent link: https://www.econbiz.de/10005792030

General Equilibrium Effects and Voting into a Crisis

Beilharz, Hans-Jörg; Gersbach, Hans - C.E.P.R. Discussion Papers - 2004

We show that in democracies insufficient recognition of general equilibrium effects can lead to a crisis. We consider a two-sector economy in which a majoritarian political process determines governmental regulation in one sector: a minimum nominal wage. If voters recognize general equilibrium...

Persistent link: https://www.econbiz.de/10005504724

Deliberating Collective Decisions

Chan, Jimmy; Lizzeri, Alessandro; Suen, Wing; Yariv, Leeat - C.E.P.R. Discussion Papers - 2015

We present a dynamic model of sequential information acquisition by a heterogeneous committee. At each date agents decide whether to vote to adopt one of two alternatives or continue to collect more information. The process stops when a qualified majority vote for an alternative. Three main...

Persistent link: https://www.econbiz.de/10011196032

Governance and Comovement Under Common Ownership

Edmans, Alex; Levit, Doron; Reilly, Devin - C.E.P.R. Discussion Papers - 2014

This paper studies the corporate governance and asset pricing implications of investors owning blocks in multiple firms. Common wisdom is that multi-firm ownership weakens governance because the blockholder is spread too thinly. We show that this need not be the case. In a single-firm benchmark,...

Persistent link: https://www.econbiz.de/10011084086

Looking Beyond the Incumbent: The Effects of Exposing Corruption on Electoral Outcomes

Chong, Alberto; De La O, Ana; Karlan, Dean S.; … - C.E.P.R. Discussion Papers - 2012

Does information about rampant political corruption increase electoral participation and the support for challenger parties? Democratic theory assumes that offering more information to voters will enhance electoral accountability. However, if there is consistent evidence suggesting that voters...

Persistent link: https://www.econbiz.de/10011084114

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