Showing 1 - 10 of 311
We study voting over higher education finance in an economy with risk averse households who are heterogeneous in income … analyses with respect to risk aversion and the elasticity of substitution between high skilled and low skilled workers …
Persistent link: https://www.econbiz.de/10013155262
This paper utilizes a simple model of redistributive politics with voter abstention to analyze the impact of nonpartisan ‘get-out-the-vote' efforts on policy outcomes. Although such efforts are often promoted on the grounds that they provide the social benefit of increasing participation in...
Persistent link: https://www.econbiz.de/10013155667
Optimal voting rules have to be tailored to the underlying distribution of preferences. This paper shows that the introduction of a stage at which agents may themselves choose voting rules according to which they decide in a second stage may increase the sum of individuals' payoffs if players...
Persistent link: https://www.econbiz.de/10012958449
Introducing a threshold in the sense of a minimal project size transforms a public goods game with an inefficient equilibrium into a coordination game with a set of Pareto-superior equilibria. Thresholds may therefore improve efficiency in the voluntary provision of public goods. In our one-shot...
Persistent link: https://www.econbiz.de/10013316272
We analyze a psychologically-based model of voter turnout in an election with common value and uncertainty. Our model yields distinctive comparative statics results. First, an increase in the proportion of informed citizens may cause the winning margin for the right candidate to either rise or...
Persistent link: https://www.econbiz.de/10013315570
This paper incorporates publication uncertainty in a game between researchers and journal editors and examines its effects on quantity and quality of published research. A stylized differential Stackelberg game between journal editors and academic authors is considered, where authors seek to...
Persistent link: https://www.econbiz.de/10012977402
We analyze the voting behavior of a board of directors that has to approve (or reject) an investment proposal with uncertain return. We consider three types of directors: insiders, who are biased toward acceptance of the project, independent outsiders who want to maximize the firm's profit and...
Persistent link: https://www.econbiz.de/10013130415
Politicians may pander to public opinion and may renounce undertaking beneficial long-term projects. To alleviate this problem, we introduce a triple mechanism involving political information markets, reelection threshold contracts, and democratic elections. An information market is used to...
Persistent link: https://www.econbiz.de/10013130416
Previous research has established that good-looking political candidates win more votes. We extend this line of research by examining differences between parties on the left and on the right of the political spectrum. Our study combines data on personal votes in real elections with a web survey...
Persistent link: https://www.econbiz.de/10013131348
Rational choice theories of electoral participation stress that an individual's decision to vote depends on her expected net benefit from doing so. If this instrumental motive is relevant, then turnout should be higher in elections where more is at stake. We test this prediction, by studying how...
Persistent link: https://www.econbiz.de/10013138026