Showing 1 - 10 of 3,247
Using a laboratory experiment with nested local and global public goods, we analyze the stability of global groups when …
Persistent link: https://www.econbiz.de/10011803271
's key predictions in a laboratory experiment. The model's predictions are largely borne out - transparency negatively … under secrecy. This occurs despite subjects revealing more information under transparency than theory predicts. …
Persistent link: https://www.econbiz.de/10010516456
A conclave is a voting mechanism in which a committee selects an alternative by voting until a sufficient supermajority is reached. We study experimentally welfare properties of simple three-voter conclaves with privately known preferences over two outcomes and waiting costs. The resulting game...
Persistent link: https://www.econbiz.de/10011336977
We consider a framework where the optimal decision rule determining the collective choice depends in a simple way on the decision makers' posterior probabilities of a particular state of nature. Nevertheless, voting is generally an inefficient way to make collective choices and this paper sheds...
Persistent link: https://www.econbiz.de/10010457829
We show that the electorate's preferences for using tuition to finance higher education strongly depend on the design of the payment scheme. In representative surveys of the German electorate (N18,000), experimentally replacing regular upfront by deferred income-contingent payments increases...
Persistent link: https://www.econbiz.de/10012804277
In this article, we empirically study the survival of the ruling party in parliamentary democracies using a hazard rate model. We define survival of a crisis as being successful in a critical vote in the parliament. We develop a general probabilistic model of political crises and test it...
Persistent link: https://www.econbiz.de/10012019199
This paper studies the impact of immigration on public policy setting. As a natural experiment, we exploit the sudden …
Persistent link: https://www.econbiz.de/10011895493
We conduct an experiment where subjects are matched in groups of three and vote on a moral transgression. Analyzing …
Persistent link: https://www.econbiz.de/10012239268
money or to save mice. We compare a Baseline treatment where subjects are fully pivotal to a Diffused-Pivotality treatment … subject opts for killing. The fraction of subjects deciding to kill is higher when pivotality is diffused. The likelihood of … killing is monotone in subjective perceptions of pivotality. On an aggregate level many more mice are killed in Diffused-Pivotality …
Persistent link: https://www.econbiz.de/10009755329
The assumption that payoff-relevant information is observable but not verifiable is important for many core results in contract, organizational and institutional economics. However, subgame-perfect implementation (SPI) mechanisms - which are based on off-equilibrium arbitration clauses that...
Persistent link: https://www.econbiz.de/10010398756