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Incentives and Stability Of International Climate Coalitions: An Integrated Assessment

Bosetti, Valentina; Carraro, Carlo; De Cian, Enrica; … - C.E.P.R. Discussion Papers - 2012

reducing emissions. We find that only the grand coalition under a specific sets of assumptions finds it optimal to stabilise … GHG concentration below 550 ppm CO2-eq. However, the grand coalition is found not to be stable, not even 'potentially …2-eq. More ambitious targets lead to the collapse of the coalition. …

Persistent link: https://www.econbiz.de/10011083407

Behind the GATE Experiment: Evidence on Effects of and Rationales for Subsidized Entrepreneurship Training

Fairlie, Robert W; Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2012

We use randomized program offers and multiple follow-up survey waves to examine the effects of entrepreneurship training on a broad set of outcomes. Training increases short run business ownership and employment, but there is no evidence of broader or longer run effects. We also test whether...

Persistent link: https://www.econbiz.de/10011084448

R&D Cooperation and the Stability of International Environmental Agreements

Carraro, Carlo; Siniscalco, Domenico - C.E.P.R. Discussion Papers - 1995

International agreements to protect the global environment are typically difficult to reach. In principle they should be profitable for all players involved in the negotiation. Even when they are profitable, however, they are often unstable due to the incentive to free-ride (enjoying the clean...

Persistent link: https://www.econbiz.de/10005792083

Competitive equilibrium in Markets for Votes

Casella, Alessandra; Llorente-Saguer, Aniol; Palfrey, … - C.E.P.R. Discussion Papers - 2010

We develop a competitive equilibrium theory of a market for votes. Before voting on a binary issue, individuals may buy and sell their votes with each other. We define the concept of Ex Ante Vote-Trading Equilibrium, identify weak sufficient conditions for existence, and construct one such...

Persistent link: https://www.econbiz.de/10008534095

Inequality and Political Consensus

Grüner, Hans Peter - C.E.P.R. Discussion Papers - 2003

This Paper develops a model of political consensus in order to explain the missing link between inequality and political redistribution. Political consensus is an implicit agreement not to vote for extreme policy proposals. We show that such an agreement may play an efficiency-enhancing role....

Persistent link: https://www.econbiz.de/10005497877

Divided Majority and Information Aggregation: Theory and Experiment

Bouton, Laurent; Castanheira, Micael; Llorente-Saguer, Aniol - C.E.P.R. Discussion Papers - 2012

This paper both theoretically and experimentally studies the properties of plurality and approval voting when the majority is divided as a result of information imperfections. The minority backs a third alternative, which the majority views as strictly inferior. The majority thus faces two...

Persistent link: https://www.econbiz.de/10011083533

Vote Trading With and Without Party Leaders

Casella, Alessandra; Palfrey, Thomas R; Turban, Sébastien - C.E.P.R. Discussion Papers - 2012

Two groups of voters of known sizes disagree over a single binary decision to be taken by simple majority. Individuals have different, privately observed intensities of preferences and before voting can buy or sell votes among themselves for money. We study the implication of such trading for...

Persistent link: https://www.econbiz.de/10011084134

Democracy Undone. Systematic Minority Advantage in Competitive Vote Markets

Casella, Alessandra; Turban, Sébastien - C.E.P.R. Discussion Papers - 2012

We study the competitive equilibrium of a market for votes where voters can trade votes for a numeraire before making a decision via majority rule. The choice is binary and the number of supporters of either alternative is known. We identify a sufficient condition guaranteeing the existence of...

Persistent link: https://www.econbiz.de/10011084259

Speed and Quality of Collective Decision-Making, I: Imperfect Information Processing

Grüner, Hans Peter; Schulte, Elisabeth - C.E.P.R. Discussion Papers - 2004

A group of P identical managers has to make a choice between N alternatives. They benefit from reaching the decision quickly. In order to learn which is the best option, the alternatives have to be compared. A manager is able to identify the better one of two alternatives only with a certain...

Persistent link: https://www.econbiz.de/10005123798

Information Technology, Efficient Restructuring and the Productivity Puzzle

Grüner, Hans Peter - C.E.P.R. Discussion Papers - 2007

Labour productivity in the US has recently grown more strongly than in most European countries. It is often argued that the American productivity increase is due to the widespread introduction of new information and communication technologies (ICT). But why have the same technologies not...

Persistent link: https://www.econbiz.de/10005124167

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