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I'll See It When I Believe It - A Simple Model of Cognitive Consistency
Yariv, Leeat - Cowles Foundation for Research in Economics, Yale University - 2002
Psychological experiments demonstrate that people exhibit a taste for consistency. Individuals are inclined to interpret new evidence in ways that confirm their pre-existing beliefs. They also tend to change their beliefs to enhance the desirability of their past actions. I present a model that...
Persistent link: https://www.econbiz.de/10005463891
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Optimal Electoral Timing: Exercise Wisely and You May Live Longer
Keppo, Jussi; Smith, Lones; Davydov, Dmitry - Cowles Foundation for Research in Economics, Yale University - 2006
In many democratic countries, the timing of elections is flexible. We explore this potentially valuable option using insights from option pricing in finance. The paper offers three main contributions on this problem. First, we derive a rationally-based mean-reverting political support process...
Persistent link: https://www.econbiz.de/10005463899
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Efficient Search by Committee
Bergemann, Dirk; Valimaki, Juuso - Cowles Foundation for Research in Economics, Yale University - 2011
candidates. Committee members have independent private values information about the quality of the candidate. The mechanism …
Persistent link: https://www.econbiz.de/10008800354
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Preference for Information and Dynamic Consistency
Grant, Simon; Kajii, Atsushi; Polak, Ben - Cowles Foundation for Research in Economics, Yale University - 1999
definition of dynamically consistent behavior, and we discuss whether an intrinsic information lover (say, an anxious person) is …
Persistent link: https://www.econbiz.de/10005762811
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A Positive Theory of Income Taxation Where Politicians Focus upon Swing and Core Voters
Roemer, John E. - Cowles Foundation for Research in Economics, Yale University - 2008
We construct an equilibrium model of party competition, in which parties are especially concerned with their core and swing voters, concerns which American political scientists have focused upon in their attempts to understand party behavior in general elections. Parties compete on a large...
Persistent link: https://www.econbiz.de/10005593587
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Does Democracy Engender Justice?
Roemer, John E. - Cowles Foundation for Research in Economics, Yale University - 2001
Many suppose that democracy is an ethos which includes, inter alia, a degree of economic equality among citizens. In contrast, we conceive of democracy as ruthless political competition between groups of citizens, organized into parties. We inquire whether such competition, which we assume to be...
Persistent link: https://www.econbiz.de/10004990841
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Education Policy and Intergenerational Transfers in Equilibrium
Abbott, Brant; Gallipoli, Giovanni; Meghir, Costas; … - Cowles Foundation for Research in Economics, Yale University - 2013
limits would have no salient effects. The short-run partial equilibrium effects of expanding tuition grants (especially their …
Persistent link: https://www.econbiz.de/10010939077
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Committee Design in the Presence of Communication
Gerardi, Dino; Yariv, Leeat - Cowles Foundation for Research in Economics, Yale University - 2003
The goal of this paper is to introduce communication in a collective choice environment with information acquisition … the panel decide whether to acquire costly information or not, preceding the communication stage. We take a mechanism … balances a tradeoff between inducing players to acquire information and extracting the maximal amount of information from them …
Persistent link: https://www.econbiz.de/10005087382
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Absenteeism, Substitutes, and Complements in Simple Games
Quint, Thomas; Shubik, Martin - Cowles Foundation for Research in Economics, Yale University - 2003
A voting with absenteeism game is defined as a pair (G;r) where G is an n-player (monotonic) simple game and r is an n …
Persistent link: https://www.econbiz.de/10005087387
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Distribution and Politics: A Brief History and Prospect
Roemer, John E. - Cowles Foundation for Research in Economics, Yale University - 2004
A brief, historical review of the study of the interdependency between politics and economic distribution is offered. While the impact of economic interests on politics has been acknowledged for thousands of years, and the impact of politics on distribution for hundreds, it is only in the last...
Persistent link: https://www.econbiz.de/10005762513