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Intertemporal conflicts occur when a group of agents with heterogeneous time preferences must make a collective decision about how to manage a common asset. How should this be done? We examine two methods: an 'Economics' approach that seeks to implement efficient allocations, and a 'Politics'...
Persistent link: https://www.econbiz.de/10013043608
estimate the effect of social image concerns on voting. In a door-to-door survey about election turnout, we experimentally vary …, and (iii) the incentives to lie about past voting. Our estimates suggest significant social image concerns. For a … plausible range of lying costs, we estimate the monetary value of voting `because others will ask' to be in the range of $5 …
Persistent link: https://www.econbiz.de/10013060265
respect to voting preferences, union members are more likely to vote for a Democrat for the House or Presidency than … demographically comparable nonunion voters, largely because union members have attitudes and voting inclinations favorable to the …
Persistent link: https://www.econbiz.de/10013232137
influential studies of congressional voting by Poole and Rosenthal. Congressmen vote on more than ideology. Issue …-specific attributes are an important determinant of congressional" voting patterns. The estimated dimension is too large for the median … voter model to describe congressional voting …
Persistent link: https://www.econbiz.de/10013323568
We assess substitutable and complementary relationships among eight national advertising media classes, as well as the magnitude of their own-price elasticities. We use a translog demand model, whose parameters we estimate by three-stage least squares, based on 1960-94 annual U.S. data.We find...
Persistent link: https://www.econbiz.de/10013218304
We consider nonparametric identification in models of differentiated products markets, using only market level … models widely used in applied work. We allow for product/market-specific unobservables, endogenous product characteristics (e …
Persistent link: https://www.econbiz.de/10013149294
Safe assets are demanded to smooth consumption across states (both intertemporally and in cross-section). Some of these assets are supplied publicly (government bonds) and some are created and supplied privately (such as mortgagebacked securities and asset-backed securities). Private assets are...
Persistent link: https://www.econbiz.de/10013087882
Our understanding of the determinants of physician skill and the extent to which skill is valued in the marketplace is superficial. Using a large, detailed panel of new obstetricians, we find that, even though physicians' maternal complication rates improve steadily with years of practice,...
Persistent link: https://www.econbiz.de/10013089014
This paper develops an approach to measuring the intensity of competition in international markets. The method measures the degree of 'outside' competition faced by exporters located in one source country from firms located outside the source country. We use the elasticity of price and quantity...
Persistent link: https://www.econbiz.de/10013233435
approximates Harris' (1954) market-potential function. The estimation results show how far demand linkages extend across space and …
Persistent link: https://www.econbiz.de/10013218094