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Confucianism and Preferences : Evidence from Lab Experiments in Taiwan and China
Liu, Elaine - 2013
This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that … loving, less loss averse, and more impatient after being primed with Confucianism, whereas Taiwanese subjects became … significantly less present-based and were inclined to be more trustworthy after being primed by Confucianism. Combining the evidence …
Persistent link: https://www.econbiz.de/10013073199
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Making Democracy Work : Culture, Social Capital and Elections in China
Padró i Miquel, Gerard - 2015
This paper aims to show that culture is an important determinant of the effectiveness of formal democratic institutions … electoral reforms in Chinese villages. We use the presence of village temples to proxy for culture, or more specifically, for …
Persistent link: https://www.econbiz.de/10013024882
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Holdouts in Sovereign Debt Restructuring : A Theory of Negotiation in a Weak Contractual Environment
Pitchford, Rohan - 2011
-riding on negotiation costs, even while preventing hold-up and reducing total negotiation costs. A calibrated version of the …
Persistent link: https://www.econbiz.de/10013132010
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Liquidity and the Threat of Fraudulent Assets
Li, Yiting - 2011
We study an over-the-counter (OTC) market with bilateral meetings and bargaining where the usefulness of assets, as means of payment or collateral, is limited by the threat of fraudulent practices. We assume that agents can produce fraudulent assets at a positive cost, which generates endogenous...
Persistent link: https://www.econbiz.de/10013119606
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Trade Policy Making in a Model of Legislative Bargaining
Celik, Levent - 2011
In democracies, trade policy is the result of interactions among many agents with different agendas. In accordance with this observation, we construct a dynamic model of legislative trade policy-making in the realm of distributive politics. An economy consists of different sectors, each of which...
Persistent link: https://www.econbiz.de/10013121949
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An Experimental Comparison of Dispute Rates in Alternative Arbitration Systems
Ashenfelter, Orley - 2011
This paper reports the results of a systematic experimental comparison of the effect of alternative arbitration systems on dispute rates. The key to our experimental design is the use of a common underlying distribution of arbitrator "fair" awards in the different arbitration systems. This...
Persistent link: https://www.econbiz.de/10013125635
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Policy Intervention in Debt Renegotiation : Evidence from the Home Affordable Modification Program
Agarwal, Sumit - 2012
We evaluate the effects of the 2009 Home Affordable Modification Program (HAMP) that provided intermediaries with sizeable financial incentives to renegotiate mortgages. HAMP increased intensity of renegotiations and prevented substantial number of foreclosures but reached just one-third of its...
Persistent link: https://www.econbiz.de/10013101335
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Mergers When Prices are Negotiated : Evidence from the Hospital Industry
Gowrisankaran, Gautam - 2013
We estimate a bargaining model of competition between hospitals and managed care organizations (MCOs) and use the estimates to evaluate the effects of hospital mergers. We find that MCO bargaining restrains hospital prices significantly. The model demonstrates the potential impact of coinsurance...
Persistent link: https://www.econbiz.de/10013085491
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Coasean Bargaining to Address Environmental Externalities
Libecap, Gary D. - 2016
I examine Ronald Coase's criticism of standard regulatory and tax policies to address environmental externalities. I elaborate some of Coase's key points and discuss opportunities for Coasean exchange as an alternative mitigation approach. Regulation, tax, and Coasean exchange, such as through...
Persistent link: https://www.econbiz.de/10013000533
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On the Self-Interested Use of Equity in International Climate Negotiations
Lange, Andreas - 2010
We discuss self-interested uses of equity arguments in international climate negotiations. Using unique data from a world-wide survey of agents involved in international climate policy, we show that the perceived support of different equity rules by countries or groups of countries may be...
Persistent link: https://www.econbiz.de/10013152832