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Probabilistic measures of a priori voting power are useful tools to asses actors' influence on collective decision-making either for the purpose of designing a voting organ or to model particular policy cases. This paper makes an attempt to reduce a dynamic voting process into a cooperative...
Persistent link: https://www.econbiz.de/10005114157
In this paper, we evaluate the impact of Turkey's membership on EU voting. The aspects that we discuss are decision-making efficiency and the distribution of power in the EU's leading decision making body the Council of Ministers. We compare two alternative Council voting rules: those accepted...
Persistent link: https://www.econbiz.de/10005792179
The goal of this paper is to lay out a methodology and corresponding computer algorithms, that allow us to extract the detailed data on inventors contained in patents, and harness it for economic research. Patent data has long been used in empirical research in economics, and yet the information...
Persistent link: https://www.econbiz.de/10005661738
This paper studies whether prosocial values are transmitted from parents to their children. We do so through an economic experiment, in which a group of Hispanic and African American families play a standard public goods game. The experimental data presents us with a surprising result. We find...
Persistent link: https://www.econbiz.de/10005791784
Laboratory experiments are a widely used methodology for advancing causal knowledge in the physical and life sciences. With the exception of psychology, the adoption of laboratory experiments has been much slower in the social sciences, although during the last two decades, the use of lab...
Persistent link: https://www.econbiz.de/10008468582
punishment of free riders in SD games is not irrational, but better understood as rational behaviour of people with corresponding …
Persistent link: https://www.econbiz.de/10005497729
The most fundamental solution concepts in Game Theory – Nash equilibrium, backward induction, and iterated elimination of dominated strategies – are based on the assumption that people are capable of predicting others' actions. These concepts require people to be able to view the game from...
Persistent link: https://www.econbiz.de/10005497744
. Yet, when they are given the opportunity to punish free riders, stable cooperation is maintained although punishment is …
Persistent link: https://www.econbiz.de/10005504682
This Paper reports on a two-task principal-agent experiment in which only one task is contractible. The principal can either offer a piece-rate contract or a (voluntary) bonus to the agent. Bonus contracts strongly outperform piece rate contracts. Many principals reward high efforts on both...
Persistent link: https://www.econbiz.de/10005114195
Theories abound for why individuals give to charity. We conduct a field experiment with donors to a Yale University service club to test the impact of a promise of public recognition on giving. Some may claim that they respond to an offer of public recognition not to improve their social...
Persistent link: https://www.econbiz.de/10011084285