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An elementary theorem on gains from virtual trade

Marjit, Sugata; Yang, Lei - 2020

Virtual markets allow consumers to save time costs to purchase goods and services. Countries lose relative to the conventional welfare gain when they increase consumption of non-virtual goods under free trade. We include the classical gains from trade theorem as a special case. For two identical...

Persistent link: https://www.econbiz.de/10012315944

Honesty in virtual communication

Nieken, Petra; Walther, Sven - 2024

Remote work arrangements and increased virtual communication are commonplace. Particularly in organizations, virtual communication has become an essential tool for collaboration and exchanging information. Virtual communication channels, such as text or video messages, provide different levels...

Persistent link: https://www.econbiz.de/10014528213

The political cost of being soft on crime : evidence from a natural experiment

Drago, Francesco; Galbiati, Roberto; Sobbrio, Francesco - 2017

We provide evidence about voters' response to crime control policies. We exploit a natural experiment arising from the Italian 2006 collective pardon releasing about one third of the prison population. The pardon created idiosyncratic incentives to recidivate across released individuals and...

Persistent link: https://www.econbiz.de/10011668874

Community Enterprises : an institutional innovation

Frey, Bruno S.; Lüthi, Roger; Osterloh, Margit - 2011

Management research has long focused on the theory of the firm, studying for-profit organizations that produce …

Persistent link: https://www.econbiz.de/10009124215

Voters' response to public policies : evidence from a natural experiment

Drago, Francesco; Galbiati, Roberto; Sobbrio, Francesco - 2017 - First Version: November 2016

We study voters' response to public policies. We exploit a natural experiment arising from the Italian 2006 collective pardon that created idiosyncratic incentives to recidivate across released individuals and municipalities. We show that municipalities where resident pardoned individuals had a...

Persistent link: https://www.econbiz.de/10011781786

Testing

Bergbauer, Annika B.; Hanushek, Eric Alan; Woessmann, Ludger - 2018

School systems regularly use student assessments for accountability purposes. But, as highlighted by our conceptual …

Persistent link: https://www.econbiz.de/10011882348

Intergovernmental grants as signals and the alignment effect : theory and evidence

Bracco, Emanuele; Lockwood, Ben; Porcelli, Francesco; … - 2015

This paper provides a simple political agency model to explain the effect of political alignment between different tiers of government on intergovernmental grants and election outcomes. Key features of the model are: (i) rational voters interpret public good provision as a signal of incumbent...

Persistent link: https://www.econbiz.de/10010479915

Information, polarization and delegation in democracy

Schultz, Christian - 2003

This paper investigates the merits of different democratic institutions when politics is uni-dimensional, there is uncertainty both about the preferences of the future electorate and the future polarization of political parties, and politicians have better information about the state of the...

Persistent link: https://www.econbiz.de/10011404317

Immunity

Reddy, Karthik; Schularick, Moritz; Skreta, Vasiliki - 2013

Legal provisions that protect politicians from arrest and prosecution exist throughout much of the modern democratic world. Why, and with what effects, do societies choose to place their politicians above the law? We examine the institution of immunity both theoretically and empirically. Our...

Persistent link: https://www.econbiz.de/10010199710

Political accountability and real authority of government bureaucracy

Dodlova, Marina - 2013

Barro-Ferejohn model of political agency to study the relationship between the accountability of elected politicians and the … political accountability, the lower should be real authority at the bottom of the government hierarchy. Empirically, we find … that in countries with lower political accountability those in political power have less authority over the public …

Persistent link: https://www.econbiz.de/10010199719