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Economic Shocks and Populism: The Political Implications of Reference-Dependent Preferences
Panunzi, Fausto; Pavoni, Nicola; Tabellini, Guido - 2020
This paper studies electoral competition over redistributive taxes between a safe incumbent and a risky opponent. As in prospect theory, economically disappointed voters bcome risk lovers, and hence are intrinsically attracted by the more risky candidate. We show that, after a large adverse...
Persistent link: https://www.econbiz.de/10012314826
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Consuming your Way to Efficiency: Public Goods Provision through Non-Distortionary Tax Lotteries
Giebe, Thomas; Schweinzer, Paul - 2013
We revisit the classical result that financing a pure public good through taxation of private consumption is inefficient. To this standard setup we add a consumption contest in which consumers can win a prize. We show that an appropriately chosen contest - which we call a 'tax lottery' - can...
Persistent link: https://www.econbiz.de/10010312844
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How to Share it out: The Value of Information in Teams
Gershkov, Alex; Li, Jianpei; Schweinzer, Paul - 2014
the team can be observed. Our central question is whether or not incentives can be provided to a team in this environment …
Persistent link: https://www.econbiz.de/10010398571
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The Value of Technology Improvements in Games with Externalities: A Fresh Look at Offsetting Behavior
Hoy, Michael; Polborn, Mattias - 2014
How should we evaluate the welfare implications of improvements to safety technologies in the presence of offsetting behavior? We model this problem as a symmetric game in which each player's payoff depends on his own action and the average action of the other players, and analyze under which...
Persistent link: https://www.econbiz.de/10010398589
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The Predictive Power of Political Pundits: Prescient or Pitiful?
Metaxas, Phillip; Leigh, Andrew - 2013
Although Australian political pundits frequently make predictions about the future, little systematic evidence exists on the accuracy of these predictions. To assess the predictive power of experts, we survey the transcripts of two well-known political programs - Insiders and Meet the Press -...
Persistent link: https://www.econbiz.de/10010316995
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Back to Kyoto? US Participation and the Linkage between R&D and Climate Cooperation
Buchner, Barbara; Carraro, Carlo; Cersosimo, Igor; … - 2002
&D cooperation. This paper explores this idea by analysing on the one hand the incentives for EU, Japan and Russia to adopt this … strategy, and on the other hand the incentives for the US to join a coalition which cooperates both on climate change control … and R&D) will be examined from the view point of countries' profitability and free-riding incentives. Finally, after …
Persistent link: https://www.econbiz.de/10010315407
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How Does Unethical Behavior Spread? Gender Matters!
Name, No; Goerg, Sebastian J.; Wasserka-Zhurakhovska, Lilia - 2023
Using an online experiment with two distinct dishonesty games, we analyze how dishonesty in men and women is influenced by either thinking or learning about the dishonesty of others in a related, but different situation. Thinking is induced by eliciting a belief about others’ dishonesty in a...
Persistent link: https://www.econbiz.de/10014358653
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Stochastic Contracts and Subjective Evaluations
Lang, Matthias - 2021
Subjective evaluations are widely used, but call for different contracts from traditional moral-hazard settings. Previous literature shows that contracts require payments to third parties, which real-world contracts rarely use. I show that the implicit assumption of deterministic contracts makes...
Persistent link: https://www.econbiz.de/10012799758
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The role of salience in performance schemes: Evidence from a field experiment
Englmaier, Florian; Roider, Andreas; Sunde, Uwe - 2012
tasks. We analyze the effects of the salience of incentives in a team production setting where the principal has an interest … incentive system without changing the incentive system. The results indicate that salience of incentives itself is statistically … and economically important for performance. We find that higher salience of incentives for quantity increases quantity …
Persistent link: https://www.econbiz.de/10010281805
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Belief Elicitation : Limiting Truth Telling with Information or Incentives
Danz, David - 2020
examine whether information on the offered incentives improves reports about a known objective prior. We find that transparent … information on incentives gives rise to error rates in excess of 40 percent, and that only 15 percent of participants consistently … report the truth. False reports are conservative and appear to result from a biased perception of the BSR incentives. While …
Persistent link: https://www.econbiz.de/10012842970