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We study information transmission through informal elections. Our leading example is that of protests in which there may be positive costs or benefits of participation. The aggregate turnout provides information to a policy maker. However, the presence of activists adds noise to the turnout. The...
Persistent link: https://www.econbiz.de/10014502325
This paper evaluates the effect on crime of creating a fundamental modern-day institution: centralized professional police forces tasked with preventing crime. We study the 1829 formation of the London Metropolitan Police - the first professional force worldwide. Using newly digitized and...
Persistent link: https://www.econbiz.de/10012418183
We model the dynamics of endogenous organizational restructuring, where those being assigned positions in an organization can themselves lobby for who gets which position. Internal labor market changes depend on how much individuals value their own status in the organization, the organizational...
Persistent link: https://www.econbiz.de/10012511761
Economic theory suggests that the deterrence of deviant behavior is driven by a combination of severity and certainty of punishment. This paper presents the first controlled experiment to study a third important factor that has been mainly overlooked: the swiftness of formal sanctions. We...
Persistent link: https://www.econbiz.de/10012438420
countries with better institutions. The interactive results between these variables point again towards the substitutability … between religious and secular institutions, when it comes to sustaining cooperation. …
Persistent link: https://www.econbiz.de/10014233680