Showing 1 - 10 of 170
Many observers, and many investors, believe that young people are especially likely to produce the most successful new firms. We use administrative data at the U.S. Census Bureau to study the ages of founders of growth-oriented start-ups in the past decade. Our primary finding is that successful...
Persistent link: https://www.econbiz.de/10012922213
This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill. We show that entrepreneurs with a track record of success are more likely to succeed than first time entrepreneurs and those who have previously failed. Funding by more...
Persistent link: https://www.econbiz.de/10012752094
protection of strongly held minority preferences. The challenge is to do so while treating every voter equally and preserving …. The bonus vote performs well: when minority preferences are particularly intense, the minority wins at least one of the … contests with 15ndash;30 percent probability; and, when the minority wins, aggregate welfare increases with 85ndash;95 percent …
Persistent link: https://www.econbiz.de/10012759195
preferences: once the minority share in a neighborhood exceeds a critical quot;tipping point,quot; all the whites leave. We use … tipping points ranging from 5% to 20% minority share. The estimated discontinuities are robust to controls for a wide variety … of neighborhood characteristics, and are as strong in the suburbs as in tracts close to high-minority neighborhoods …
Persistent link: https://www.econbiz.de/10012760116
. By cumulating votes on issues that it deems most important, the minority can win occasionally. But because the majority … typically can outvote it, the minority wins only of its strength of preferences is high and the majority's strength of … confirmed by a series of experiments: the frequency of minority victories, the relative payoff of the minority versus the …
Persistent link: https://www.econbiz.de/10012767511
emissions. Upper-income and white demographics had more desirable distributions relative to low-income and some minority groups …
Persistent link: https://www.econbiz.de/10012889502
Voters are often uncertain about and biased against non-dominant political parties. By reducing the information gap with dominant parties, political advertising may thus disproportionately benefit non-dominant parties electorally. We test this argument in Mexico, where three main parties...
Persistent link: https://www.econbiz.de/10012977272
In polarized committees, majority voting disenfranchises the minority. Allowing voters to spend freely a fixed budget … of votes over multiple issues restores some minority power. However, it also creates a complex strategic scenario: a hide …-and-seek game between majority and minority voters that corresponds to a decentralized version of the Colonel Blotto game. We offer …
Persistent link: https://www.econbiz.de/10012992650
College admissions officers face a rapidly changing policy environment where court decisions have limited the use of affirmative action. At the same time, there is mounting evidence that commonly used signals of college readiness, such as the SAT/ACTs, are subject to race and socioeconomic bias....
Persistent link: https://www.econbiz.de/10013031033
We model a procedural reform aimed at restoring a proper role for the minority in the confirmation process of judicial … total votes. Although each nomination is decided by simple majority, storable votes make it possible for the minority to win … minority of 45 senators would be able to block between 20 and 35 percent of nominees. For most parameter values, the …
Persistent link: https://www.econbiz.de/10013047407