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Discretionary Policy and Multiple Equilibria
King, Robert G. - 2006
Discretionary policymaking can foster strategic complementarities between private sector decisions, thus leading to multiple equilibria. This article studies a simple example, originating with Kydland and Prescott, of a government which must decide whether to build a dam to prevent adverse...
Persistent link: https://www.econbiz.de/10012466593
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The Political Economy of Responses to COVID-19 in the U.S.A.
Cui, Zhihan; Heal, Geoffrey; Kunreuther, Howard; Liu, Lu - National Bureau of Economic Research - 2021
Social distancing via shelter-in-place strategies, and wearing masks, have emerged as the most effective non-pharmaceutical ways of combatting COVID-19. In the United States, choices about these policies are made by individual states. We develop a game-theoretic model and then test it...
Persistent link: https://www.econbiz.de/10012496132
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Party Discipline and Pork Barrel Politics
Grossman, Gene M. - 2005
Polities differ in the extent to which political parties can pre-commit to carry out promised policy actions if they take power. Commitment problems may arise due to a divergence between the ex ante incentives facing national parties that seek to capture control of the legislature and the ex...
Persistent link: https://www.econbiz.de/10012467285
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Conflicts and Common Interests in Committees
Li, Hao - 1999
Committees improve decisions by pooling independent information of members, but promote manipulation, obfuscation, and exaggeration of private evidence when members have conflicting preferences. We study how self-interest mediates these conflicting forces. When members' preferences differ, no...
Persistent link: https://www.econbiz.de/10012471629
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Individual and Collective Information Acquisition : An Experimental Study
Reshidi, Pëllumb; Lizzeri, Alessandro; Yariv, Leeat; … - National Bureau of Economic Research - 2021
Many committees--juries, political task forces, etc.--spend time gathering costly information before reaching a decision. We report results from lab experiments focused on such information-collection processes. We consider decisions governed by individuals and groups and compare how voting rules...
Persistent link: https://www.econbiz.de/10012794585
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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/10012455908
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Ambulance Utilization in New York City after the Implementation of the Affordable Care Act
Courtemanche, Charles - 2018
dispatches for more severe injuries, dispatches for minor injuries rose sharply after the implementation of the ACA. By contrast …
Persistent link: https://www.econbiz.de/10012453235
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Fifty Ways to Leave a Child Behind : Idiosyncrasies and Discrepancies in States' Implementation of NCLB
Davidson, Elizabeth - 2013
Yearly Progress. While the federal government's legislation provided a framework for NCLB implementation, it also gave states …% across states. In this paper, we explore how states' NCLB implementation decisions affected their schools' failure rates … characteristics like enrollment size, grade span, and ethnic diversity. Subtle differences in policy implementation led to dramatic …
Persistent link: https://www.econbiz.de/10012459674
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The Trillion Dollar Conundrum : Complementarities and Health Information Technology
Dranove, David - 2012
We examine the relationship between the adoption of EMR and hospital operating costs. We first identify a puzzle that has been seen in prior studies: Adoption of EMR is associated with a slight cost increase. We draw on the literature on IT and productivity to demonstrate that the average effect...
Persistent link: https://www.econbiz.de/10012460379
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Volatile Policy and Private Information : The Case of Monetary Policy
Jones, Larry E. - 1999
In this paper we study how volatility in monetary policy affects economic performance in the presence of endogenously chosen information structures. To isolate the effects produced by the interaction of uncertainty in monetary policy and (possibly) asymmetric information, we consider a model in...
Persistent link: https://www.econbiz.de/10012471724