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Family Ties
Alesina, Alberto F. - 2013
We study the role of the most primitive institution in society: the family. Its organization and relationship between generations shape values formation, economic outcomes and influences national institutions. We use a measure of family ties, constructed from the World Values Survey, to review...
Persistent link: https://www.econbiz.de/10013083386
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A Behavioral New Keynesian Model
Gabaix, Xavier - 2017
This paper presents a framework for analyzing how bounded rationality affects monetary and fiscal policy. The model is a tractable and parsimonious enrichment of the widely-used New Keynesian model – with one main new “cognitive discounting” parameter, which quantifies how poorly agents...
Persistent link: https://www.econbiz.de/10012966932
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Friends in High Places
Cohen, Lauren - 2010
We demonstrate that personal connections amongst politicians have a significant impact on the voting behavior of U … consistent predictors of voting behavior. For the former, we estimate sharp measures that control for common characteristics of … networks on voting. We find that the effect of alumni networks is close to 60% of the size of the effect of state …
Persistent link: https://www.econbiz.de/10013137309
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The Role of Advisory Services in Proxy Voting
Alexander, Cindy R. - 2009
This paper studies the information content and consequences of third-party voting advice issued during proxy contests …. We find that voting advice is a good predictor of contest outcomes and that vote recommendations appear to certify the …
Persistent link: https://www.econbiz.de/10013158027
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Protecting Minorities in Binary Elections : A Test of Storable Votes Using Field Data
Casella, Alessandra - 2010
Democratic systems are built, with good reason, on majoritarian principles, but their legitimacy requires the protection of strongly held minority preferences. The challenge is to do so while treating every voter equally and preserving aggregate welfare. One possible solution is lt;igt;Storable...
Persistent link: https://www.econbiz.de/10012759195
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Guns and Votes
Bouton, Laurent - 2014
Why are U.S. congressmen reluctant to support gun control regulations, despite the fact that most Americans are in favor of them? We argue that re-election motives can lead politicians to take a pro-gun stance against the interests of an apathetic majority of the electorate, but in line with the...
Persistent link: https://www.econbiz.de/10013051757
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How Do Voters Matter? Evidence from Us Congressional Redistricting
Jones, Daniel - 2016
impacts the district representative's roll call voting. We find that an increase in Democrat share within a district causes … more leftist roll call voting. This occurs because a Democrat is more likely to hold the seat, but also because – in … contrast to existing empirical work – partisan composition has a direct effect on the roll call voting of individual …
Persistent link: https://www.econbiz.de/10012984766
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Resolving Intertemporal Conflicts : Economics vs Politics
Millner, Antony - 2014
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
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The Generalized War of Attrition
Bulow, Jeremy; Klemperer, Paul - 2021
We generalize the War of Attrition model to allow for N + K firms competing for N prizes. Two special cases are of particular interest. First, if firms continue to pay their full costs after dropping out (as in a standard-setting context), each firm's exit time is independent both of K and of...
Persistent link: https://www.econbiz.de/10013219185
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Congressional Vote Options
King, David C.; Zeckhauser, Richard J. - 2022
Among political practitioners, there is conventional wisdom about the outcomes of critical and salient legislative votes. 'This vote,' we hear, ' will either win by a little or lose by a lot.' Real-world examples suggest coalition leaders purchase 'hip-pocket' votes and "if you need me" pledges,...
Persistent link: https://www.econbiz.de/10014175679