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. We test if thresholds perform better if they are endogenously chosen, i.e. if a threshold is approved in a referendum …
Persistent link: https://www.econbiz.de/10003923574
According to economists, severe legal sanctions deter violations of the law. According to legal scholars, people may obey law backed by mild sanctions because of norm-activation. We experimentally investigate the effects of mild and severe legal sanctions in the provision of public goods. The...
Persistent link: https://www.econbiz.de/10011408944
Money illusion means that people behave differently when the same objective situation is represented in nominal or in real terms. To examine the behavioral impact of money illusion we studied the adjustment process of nominal prices after a fully anticipated negative nominal shock in an...
Persistent link: https://www.econbiz.de/10009781679
The expression "cash-for-votes" describes a form of vote buying in which candidates for office pay individuals in exchange for their votes. That practice undermines the functioning of democracy but is pervasive in many parts of the world, especially in the Global South. We discuss estimates of...
Persistent link: https://www.econbiz.de/10014295086