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Numerous theoretical studies have shown that information aggregation through voting is fragile. We consider a model of information aggregation with vote-contingent payoffs and generically characterize voting behavior in large committees. We use this characterization to identify the set of...
Persistent link: https://www.econbiz.de/10012866804
We find an economic rationale for the common sense answer to the question in our title - courts should not always enforce what the contracting parties write.We describe and analyze a contractual environment that allows a role for an active court. An active court can improve on the outcome that...
Persistent link: https://www.econbiz.de/10012735522
Do experts adjust their policy recommendations when the facts change? We conduct a large-scale randomized experiment … among 1,224 economic experts across 109 countries that includes two treatments. The first treatment is the geographic and … randomly assigned information treatment that informs experts about the past macroeconomic performance of their country. We find …
Persistent link: https://www.econbiz.de/10012822503
It is sometimes said that an effect of the COVID-19 pandemic will be heightened appreciation of the importance of scientific research and expertise. We test this hypothesis by examining how exposure to previous epidemics affected trust in science and scientists. Building on the “impressionable...
Persistent link: https://www.econbiz.de/10013246461
possibly overlapping projects. We bring our model to the data by analyzing the coauthorship network of economists registered in …
Persistent link: https://www.econbiz.de/10012892043
In this article, we revisit the analysis of Laband and Tollison (2006) who documented that articles with two authors in alphabetical order are cited much more often than non-alphabetized papers with two authors in the American Economic Review and the American Journal of Agricultural Economics....
Persistent link: https://www.econbiz.de/10013216255
Updating the study by Seiler and Wohlrabe (2013) we use archetypoid analysis to classify top economists. The approach … from 776 top economists we identify four archetypoids. These types represent solid, low, top and diligent performer. Each …
Persistent link: https://www.econbiz.de/10013217550
We document economists’ opinions about what is worth knowing and ask (i) which research objectives economic research … economic researchers who publish in English. We report three main findings. First, economists’ opinions are vastly … economics as a field does not appreciate and work on what economists collectively prefer …
Persistent link: https://www.econbiz.de/10013219066
It is unclear whether the hierarchy in the economics profession is the result of the agglomeration of excellence or of nepotism. I construct the professor-student network for laureates of and candidates for the Nobel Prize in Economics. I study the effect of proximity to previous Nobelists on...
Persistent link: https://www.econbiz.de/10014079650
We find an economic rationale for the common sense answer to the question in our title courts should not always enforce what the contracting parties write. We describe and analyze a contractual environment that allows a role for an active court. An active court can improve on the outcome that...
Persistent link: https://www.econbiz.de/10010264017