Narrow search
Showing 1 - 10 of 6,863
Cover Image
Participation in Heterogeneous Communities
Alesina, Alberto F.; La Ferrara, Eliana - 2021
This paper studies both theoretically and empirically the determinants of group formation and of the degree of participation when the population is heterogeneous, both in terms of income and race or ethnicity. We are especially interested in whether and how much the degree of heterogeneity in...
Persistent link: https://www.econbiz.de/10013218807
Cover Image
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 models show that private vaccination rates are always below the social optimal and even large subsidies cannot achieve disease eradication. In this paper, we build a model where...
Persistent link: https://www.econbiz.de/10013074645
Cover Image
Are Two Heads Better than One? : An Experimental Analysis of Group vs. Individual Decisionmaking
Blinder, Alan S.; Morgan, John - 2021
Two laboratory experiments - one a statistical urn problem, the other a monetary policy experiment - were run to test the commonly-believed hypothesis that groups make decisions more slowly than individuals do. Surprisingly, this turns out not to be true there is no significant difference in...
Persistent link: https://www.econbiz.de/10013247633
Cover Image
Dynamics and Stability of Constitutions, Coalitions, and Clubs
Acemoglu, Daron - 2008
decision-making and the distribution of political power across players are determined by current decisions. For example …
Persistent link: https://www.econbiz.de/10012770673
Cover Image
Identity Politics and Trade Policy
Grossman, Gene M. - 2018
social identity theory, we take the psychosocial component as combining the pride and self-esteem an individual draws from …
Persistent link: https://www.econbiz.de/10012906769
Cover Image
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
Cover Image
Dynamic Savings Choices with Disagreements
Cao, Dan - 2016
.js?config=AM_HTMLorMML-full"></script>We study a flexible dynamic savings game in continuous time, where decision makers rotate in and out of power. These agents … value spending more highly while in power creating a time-inconsistency problem. We provide a sharp characterization of …(c)`, defined as the ratio of marginal utility for those in and out of power. If disagreement is constant the model specializes to …
Persistent link: https://www.econbiz.de/10012998411
Cover Image
Collective Choice in Dynamic Public Good Provision
Bowen, T. Renee - 2016
Two heterogeneous agents contribute over time to a joint project, and collectively decide its scope. A larger scope requires greater cumulative effort and delivers higher benefits upon completion. We show that the efficient agent prefers a smaller scope, and preferences are time-inconsistent: as...
Persistent link: https://www.econbiz.de/10012980151
Cover Image
Groupthink : Collective Delusions in Organizations and Markets
Bénabou, Roland - 2022
I develop a model of (individually rational) collective reality denial in groups, organizations and markets. Whether participants' tendencies toward wishful thinking reinforce or dampen each other is shown to hinge on a simple and novel mechanism. When an agent can expect to benefit from other's...
Persistent link: https://www.econbiz.de/10013322355
Cover Image
A Roy Model of Social Interactions
Cicala, Steve - 2011
functions. Second, since a student's comparative advantage is typically unobserved, the theory implies that important …
Persistent link: https://www.econbiz.de/10013128607