Showing 1 - 10 of 267
To what degree do economists disagree about key economic questions? To provide evidence, we make use of the responses … to a series of questions posed to a distinguished panel of economists put together by the Chicago School of Business …, other than men being slightly more likely to express an opinion. These differences are idiosyncratic, with no support for …
Persistent link: https://www.econbiz.de/10013087885
When democracy is new, it is often fragile and not fully consolidated. We investigate how the danger of a collapse of democracy may affect fiscal policy in new democracies in comparison to countries where democracy is older and often more established. We argue that the attitude of the citizenry...
Persistent link: https://www.econbiz.de/10012773336
As economists increasingly help governments design new policies and regulations, they take on an added responsibility … models gives us very little theoretical guidance on what (and how) details will matter. This essay argues that economists …
Persistent link: https://www.econbiz.de/10012960798
relationships with empirical differences-of-opinion proxies are consistent with the model …
Persistent link: https://www.econbiz.de/10013130709
In this paper we present the results from a "corruption game" (a dictator game modified so that the second player can accept a side payment that reduces the overall size of the pie). Dictators (silently) treated to have the possibility of taking a larger proportion of the recipient's tokens,...
Persistent link: https://www.econbiz.de/10013131979
Why do low-income individuals often oppose redistribution? We hypothesize that an aversion to being in "last place" undercuts support for redistribution, with low-income individuals punishing those slightly below themselves to keep someone "beneath" them. In laboratory experiments, we find...
Persistent link: https://www.econbiz.de/10013122222
Social networks and social interactions affect individual and social norms. We develop a direct test of this using Dutch survey data on how respondents evaluate work disability of hypothetical people with some work related health problem (vignettes). We analyze how the thresholds respondents use...
Persistent link: https://www.econbiz.de/10013123640
Evidence from social psychology suggests that agents process information about their own ability in a biased manner. This evidence has motivated exciting research in behavioral economics, but has also garnered critics who point out that it is potentially consistent with standard Bayesian...
Persistent link: https://www.econbiz.de/10013125581
A full understanding of how gasoline prices affect consumer behavior frequently requires information on how consumers forecast future gasoline prices. We provide the first evidence on the nature of these forecasts by analyzing two decades of data on gasoline price expectations from the Michigan...
Persistent link: https://www.econbiz.de/10013126209
Many studies find that presentation of balanced information, offering competing positions, can promote polarization and thus increase preexisting social divisions. We offer two explanations for this apparently puzzling phenomenon. The first involves what we call asymmetric Bayesianism: the same...
Persistent link: https://www.econbiz.de/10013083095