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Political activists as free-riders : evidence from a natural field experiment

Hager, Anselm; Hensel, Lukas; Hermle, Johannes; Roth, … - 2020

How does a citizen's decision to participate in political activism depend on the participation of others? We conduct a nation-wide natural field experiment in collaboration with a major European party during a recent national election. In a seemingly unrelated survey, we randomly provide...

Persistent link: https://www.econbiz.de/10012257819

Rational drivers and the choice between congestion tolls and tradeable permits : a political economy model

De Borger, Bruno L.; Glazer, Amihai; Proost, Stef - 2021

People who anticipate the introduction of a policy can adapt their behavior, perhaps in ways that make the policy ineffective and exacerbate the problem to be addressed. This paper develops a political economy model to study strategic behavior related to the introduction of congestion policies,...

Persistent link: https://www.econbiz.de/10012415535

Beliefs about public debt and the demand for government spending

Roth, Christopher; Settele, Sonja; Wohlfart, Johannes - 2020

We examine how beliefs about the debt-to-GDP ratio affect people's attitudes towards government spending and taxation …

Persistent link: https://www.econbiz.de/10012162653

The causal effect of cultural identity on cooperation

Butler, Jeffrey; Fehr, Dietmar - 2021

components of culture: preferences and beliefs. Adopting the view that culture is one aspect of an individual's multi …; and ii) the capacity for culture to affect beliefs by randomly providing previous-session cooperation-rate information … beliefs. In particular, we find that culture’s effects through beliefs are as important as its effects through preferences. …

Persistent link: https://www.econbiz.de/10012508741

Strategic interdependence in political movements and countermovements

Hager, Anselm; Hensel, Lukas; Hermle, Johannes; Roth, … - 2019

political movements. In the leadup to two right-wing rallies, we exogenously shift potential participants' beliefs about the …

Persistent link: https://www.econbiz.de/10012057260

Risk taking, limited liability and the competition of bank regulators

Sinn, Hans-Werner - 2001

Limited liability and asymmetric information between an investment bank and its lenders provide an incentive for a bank to undercapitalise and finance overly risky business projects. To counter this market failure, national governments have imposed solvency constraints on banks. However, these...

Persistent link: https://www.econbiz.de/10011400902

Optimum and risk-class pricing of annuities

Sheshinski, Eytan - 2003

When information on longevity (survival functions) is unknown early in life, individuals have an interest to insure themselves against future "risk-class" classification. Accordingly, the First-Best typically involves transfers across states of nature. Competitive equilibrium cannot provide such...

Persistent link: https://www.econbiz.de/10011506208

The signaling role of municipal currencies in local development

Jayaraman, Rajshri; Oak, Mandar - 2003

The last decade has seen the burgeoning of several hundred local community currency institutions in cities across the world. Although residents of these communities claim that local currency promotes local development, how if at all it does so has hitherto been unexplored. This paper argues that...

Persistent link: https://www.econbiz.de/10011507689

Voluntary public unemployment insurance

Parsons, Donald O.; Tranæs, Torben; Lilleør, Helene Bie - 2003

Voluntary public unemployment systems are limited to a handful of countries, including Finland, Sweden, and, more substantially, Denmark. A voluntary system has the positive feature of other user-cost schemes, potentially efficient targeting of services. This presumes rational behavior as well...

Persistent link: https://www.econbiz.de/10011509374

Time, risk, precommitment, and adverse selection in competitive insurance markets

Pauly, Mark V. - 2003

This informal paper explores models of competitive insurance market equilibrium when individuals of initially similar apparent risk experience divergence in risk levels over time. The information structure is modeled in three alternative ways: all insurers and insureds know risk at any point in...

Persistent link: https://www.econbiz.de/10011511061

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