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Using data on roll calls from the U.S. House of Representatives, this paper finds empirical support for informational theories of legislative decision-making. Consistent with the theoretical prediction, the bias of the committee a bill gets assigned to is strongly positively associated with the...
Persistent link: https://www.econbiz.de/10014173807
This Supplementary Appendix contains the English translations of the experimental questionnaire, survey questions, and instructions that were used in our experimental sessions on June 9th and 10th of 2010. For the original Icelandic language documents, please contact the authors.The paper...
Persistent link: https://www.econbiz.de/10013033437
Persistent link: https://www.econbiz.de/10013113624
This paper studies a class of multi-self decision-making models proposed in economics, psychology, and marketing. In this class, choices arise from the set-dependent aggregation of a collection of utility functions, where the aggregation procedure satisfies some simple properties. We propose a...
Persistent link: https://www.econbiz.de/10013106229
We investigate the effect of delay on prices in bargaining situations using a data set containing thousands of captives ransomed from Barbary pirates between 1575 and 1692. Plausibly exogenous variation in the delay in ransoming provides evidence that negotiating delays decreased the size of...
Persistent link: https://www.econbiz.de/10013067185
Persistent link: https://www.econbiz.de/10013111966
In media markets, consumers spread their attention to several outlets, increasingly so as consumption migrates online. The traditional framework for studying competition among media outlets rules out this behavior by assumption. We propose a new model that allows consumers to choose multiple...
Persistent link: https://www.econbiz.de/10010403757
This paper examines the empirical question of whether subjects' static choices among rewards received at different times are influenced by their expected income levels at those times. Moreover, we recover time preferences after compensating for possible income effects. Besides eliciting...
Persistent link: https://www.econbiz.de/10010403760
In the context of repeated public good contribution games, we experimentally investigate the impact of democratic punishment, when members of a group decide by majority voting whether to inflict punishment on another member, relative to individual peer-to-peer punishment. Democratic punishment...
Persistent link: https://www.econbiz.de/10010510711
This paper investigates stable and efficient networks in the context of risk sharing, when it is costly to establish and maintain relationships that facilitate risk sharing. We find a novel trade-off between efficiency and equality: The most stable efficient networks also generate the most...
Persistent link: https://www.econbiz.de/10010510746