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Deadlock on the Board
Donaldson, Jason Roderick - 2019
We develop a dynamic model of board decision-making. We show that a board could retain a policy all directors agree is …
Persistent link: https://www.econbiz.de/10012864484
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Ethical Foundations of Financial Regulation
Kane, Edward J. - 2008
Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating financial institutions. Altruistic public-benefits theories treat rules as governmental instruments for increas- ing fairness and efficiency across society as a whole....
Persistent link: https://www.econbiz.de/10012774887
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Judicial Politics and Sentencing Decisions
Cohen, Alma - 2018
This paper investigates whether judge political affiliation contributes to racial and gender disparities in sentencing using data on over 500,000 federal defendants linked to sentencing judge. Exploiting random case assignment, we find that Republican-appointed judges sentence black defendants...
Persistent link: https://www.econbiz.de/10012918638
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Integrating Ethical Values and Economic Value to Steer Progress in Artificial Intelligence
Korinek, Anton - 2019
Economics and ethics both offer important perspectives on our society, but they do so from two different viewpoints … – the central focus of economics is how the price system in our economy values resources; the central focus of ethics is the …
Persistent link: https://www.econbiz.de/10012865277
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Understanding Peer Effects in Financial Decisions : Evidence from a Field Experiment
Bursztyn, Leonardo - 2012
Using a high-stakes field experiment conducted with a financial brokerage, we implement a novel design to separately identify two channels of social influence in financial decisions, both widely studied theoretically. When someone purchases an asset, his peers may also want to purchase it, both...
Persistent link: https://www.econbiz.de/10013103518
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Conforming and Non-Conforming Peer Effects in Vaccination Decisions
Bodine-Baron, Elizabeth - 2013
Traditional economic models of vaccination assume that agents free-ride on the vaccination decision of others. These …
Persistent link: https://www.econbiz.de/10013074645
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Industry Input in Policymaking : Evidence from Medicare
Chan, David - 2018
In setting prices for physician services, Medicare solicits input from a committee that evaluates proposals from industry. We investigate whether this arrangement leads to prices biased toward the interests of committee members. We find that increasing a measure of affiliation between the...
Persistent link: https://www.econbiz.de/10012926406
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Leadership in Groups : A Monetary Policy Experiment
Blinder, Alan S. - 2010
In an earlier paper (Blinder and Morgan, 2005), we created an experimental apparatus in which Princeton University students acted as ersatz central bankers, making monetary policy decisions both as individuals and in groups. In this study, we manipulate the size and leadership structure of...
Persistent link: https://www.econbiz.de/10012759844
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Dynamics and Stability of Constitutions, Coalitions, and Clubs
Acemoglu, Daron - 2008
A central feature of dynamic collective decision-making is that the rules that govern the procedures for future … decision-making and the distribution of political power across players are determined by current decisions. For example … dynamic collective decision-making: (1) a social arrangement is made stable by the instability of alternative arrangements …
Persistent link: https://www.econbiz.de/10012770673
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Collective Choice in Dynamic Public Good Provision
Bowen, T. Renee - 2016
perspective, it may be desirable to allocate decision rights to the inefficient agent …
Persistent link: https://www.econbiz.de/10012980151