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In the United States wealth is highly concentrated and very unequally distributed: the richest 1% hold one third of the total wealth in the economy. Understanding the determinants of wealth inequality is a challenge for many economic models. We summarize some key facts about the wealth...
Persistent link: https://www.econbiz.de/10005088591
We propose a new game theoretic approach to modeling large elections that overcomes the "paradox of voting" in a costly …
Persistent link: https://www.econbiz.de/10009278250
market responses in recent midterm elections to Presidential elections. We use prediction markets tracking election outcomes …
Persistent link: https://www.econbiz.de/10005828770
Political partisanship is strongly correlated with attitudes and behavior, but it is unclear from this pattern whether partisan identity has a causal effect on political behavior and attitudes. We report the results of a field experiment designed to investigate the causal effect of party...
Persistent link: https://www.econbiz.de/10005089064
Economists have long concerned themselves with environmental influences, such as neighborhood, peers and family on individuals' beliefs and behaviors. However, the impact of children on parents' behavior has been little studied. Parenting daughters, psychologists have shown, increases feminist...
Persistent link: https://www.econbiz.de/10005049889
Using California ballot proposition returns and exogenous shifts to labor demand, we provide the first large-scale causal evidence of the impact of economic conditions on policy preferences. Consistent with economic theory, we find that positive economic shocks decrease support for...
Persistent link: https://www.econbiz.de/10005055418
We conducted a laboratory experiment to test the comparative statics predictions of a new approach to collective action games based on the method of stability sets. We find robust support for the main theoretical predictions. As we increase the payoff of a successful collective action (accruing...
Persistent link: https://www.econbiz.de/10011165138
Moral hazard is endemic to employment relationships and firms often use performance pay and managerial control to address this problem. While performance pay has received much empirical attention, managerial control has not. We analyze data from a managerial-control field experiment in which an...
Persistent link: https://www.econbiz.de/10010711815
In cross-sectional studies, countries with greater income inequality typically exhibit less support for government-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve along this pattern, a vicious cycle could form...
Persistent link: https://www.econbiz.de/10009395461
voting costs and modest altruism. The model can explain higher turnout in close elections as well as votes for third …
Persistent link: https://www.econbiz.de/10005580087