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We compare voluntary contributions to the financing of a public good in a symmetric setting to those in asymmetric settings, in which four players have different, randomly allocated endowments. We observe that a weak asymmetry in the endowment distribution leads to the same contribution level as...
Persistent link: https://www.econbiz.de/10010410644
We show that a large electorate of ignorant voters can succeed in establishing high levels of electoral accountability. In our model an incumbent politician is confronted with a large number of voters who receive very noisy signals about her performance. We find that the accountability problem...
Persistent link: https://www.econbiz.de/10011287647
Although formal education is often considered an indicator of political leaders' quality, the evidence on the effectiveness of educated leaders is mixed. Besides, minimum education qualifications are increasingly being used as requirements for contesting elections, making it critical to...
Persistent link: https://www.econbiz.de/10013259838
We develop and test a theory of voting and turnout decisions that integrates self-interest, social preferences, and … pocketbook benefits do not explain voting, then voting is expressive. If the perceived probability of being pivotal is non … strongly influence participation and voting. However, social or expressive motives, such as stated altruism, environmental …
Persistent link: https://www.econbiz.de/10011645032
In 2001, the state parliament of the German federal state of Hesse abolished a 5 percent legal electoral threshold for … threshold. The dataset covers all 426 Hessian municipalities over the period 1989-2011. Our results suggest that the seat and …
Persistent link: https://www.econbiz.de/10010213030
economic inequality affects voting and other forms of political participation. This evidence is largely driven by advanced …. In line with prior theoretical expectations, we find a negative association between inequality and voting for the …
Persistent link: https://www.econbiz.de/10014481167
A linear public good experiment has been employed to investigate strategic behaviour in pollution abatement among African climate decision-makers. The experiment consisted of three groups of which Group 1 did not receive any treatments, and Groups 2 and 3 received one and two treatments,...
Persistent link: https://www.econbiz.de/10011312266
We investigate the formation of market prices in a new experimental setting involving multi-period call-auction asset markets with state-dependent fundamentals. We are particularly interested in two informational aspects: (1) the role of traders who are informed about the true state and/or (2)...
Persistent link: https://www.econbiz.de/10010353591
We investigate the formation of market prices in a new experimental setting involving multi-period call-auction asset markets with state-dependent fundamentals. We are particularly interested in two informational aspects: (1) the role of traders who are informed about the true state and/or (2)...
Persistent link: https://www.econbiz.de/10010429127
Persistent link: https://www.econbiz.de/10011408586