Narrow search
Showing 1 - 10 of 76
Cover Image
Overcoming History Through Exit or Integration – Deep-Rooted Sources of Support for the European Union
Gehring, Kai - 2020
Preferences about the vertical distribution of power in federal systems are not well understood. I argue that negative historical experiences with higher-level governments can plausibly raise demands for exit strategies and a devolution of power. But integration, for instance delegating power...
Persistent link: https://www.econbiz.de/10012840199
Cover Image
It's the Media, Stupid - How Media Activity Shapes Public Spending
Bruns, Christian - 2008
Politicians seeking reelection need voters to know what they have done for them. Thus, incentives may arise to spend more money where media coverage is higher. We present a simple model to explain the allocation of public spending across jurisdictions contingent on media activity. An incumbent...
Persistent link: https://www.econbiz.de/10012768249
Cover Image
The Demands for Environmental Regulation and for Trade in the Presence of Private Mitigation
Hotte, Louis; Winer, Stanley L. - 2021
We study the nature of individual demands for environmental regulation and for trade openness in the general equilibrium of a small open economy where the environment is an input to production. Differences in the ability of individuals to afford private mitigation of the adverse consequences of...
Persistent link: https://www.econbiz.de/10013316421
Cover Image
Minority Voting and Long-Term Decisions
Fahrenberger, Theresa; Gersbach, Hans - 2021
In this paper we propose minority voting as a scheme that can partially protect individuals from the risk of repeated exploitation. We consider a committee that meets twice to decide about projects where the first-period project may have a long-lasting impact. In the first period a simple open...
Persistent link: https://www.econbiz.de/10013316931
Cover Image
Fiscal Interactions Among European Countries : Does the EU Matter?
Redoano, Michela - 2021
We use a panel of European countries to investigate whether or not governments interact with their neighbors when they decide their fiscal policy; we consider both taxes and expenditures, at aggregate and at separate aspects of policy. We analyse possible different competitive behaviours and...
Persistent link: https://www.econbiz.de/10013317167
Cover Image
The Political Economy of Intergenerational Cooperation
Cigno, Alessandro - 2021
The paper examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. After establishing a normative framework, we examine the properties of the...
Persistent link: https://www.econbiz.de/10013318048
Cover Image
Optimal Illusions and Decisions under Risk
Gollier, Christian - CESifo - 2005
We examine a static one-risk-free-one-risky asset portfolio choice when the investor’s well-being is affected by the anticipatory feelings associated to potential capital gains and losses. These feelings can be manipulated by the choice of subjective beliefs on the distribution of returns....
Persistent link: https://www.econbiz.de/10005406370
Cover Image
Overconfidence in a Career-Concerns Setting
Rosa, Leonidas Enrique De La - CESifo - 2008
We study the effects of overconfidence in a two-period investment-decision agency setting. Under common priors, agent … from first-period investment. This implies that agent overconfidence mitigates the agency problems arising from the agent …
Persistent link: https://www.econbiz.de/10005406373
Cover Image
How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?
Herz, Holger; Schunk, Daniel; Zehnder, Christian - CESifo - 2013
Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue … that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … particular, we show theoretically and experimentally that different forms of overconfidence may have opposing effects on …
Persistent link: https://www.econbiz.de/10010877694
Cover Image
Self-Confidence and Strategic Behavior
Charness, Gary; Rustichini, Aldo; Ven, Jeroen van de - CESifo - 2013
salient perturbations, we propose a strategic foundation of overconfidence. Since overconfident statements are used in …
Persistent link: https://www.econbiz.de/10010877986