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Continuing Dangers of Disinformation in Corporate Accounting Reports

Kane, Edward J. - 2003

Insiders can artificially deflect the market prices of financial instruments from their full-information or inside value' by issuing deceptive accounting reports. Incentive support for disinformational activity comes through forms of compensation that allow corporate insiders to profit...

Persistent link: https://www.econbiz.de/10012469064

The Economic Approach to Personality, Character and Virtue

Heckman, James J.; Galaty, Bridget; Tian, Haihan - National Bureau of Economic Research - 2023

This chapter presents an economic approach to character and personality traits with an application to the study of virtue. Economists interpret psychological traits, including character traits and virtue, as strategies that shape responses to situations (actions) determined by underlying...

Persistent link: https://www.econbiz.de/10014287358

Persuasion in Politics

Murphy, Kevin - 2004

We present a model of the creation of social networks, such as political parties, trade unions, religious coalitions, or political action committees, through discussion and mutual persuasion among their members. The key idea is that people are influenced by those inside their network, but not by...

Persistent link: https://www.econbiz.de/10012468445

The Risk of Social Security Benefit Rule Changes : Some International Evidence

McHale, John - 1999

Against a background of projections of sharply increasing elderly dependency rates, workers in the major industrial economies are apprehensive that their social security benefit entitlements will be cut before or after they retire, leaving them with inadequate retirement income. This paper looks...

Persistent link: https://www.econbiz.de/10012471769

Income Distribution, Political Instability, and Investment

Alesina, Alberto - 1993

This paper successfully tests on a sample of 70 countries for the period 1960-85 the following hypotheses. Income inequality, by fueling social discontent, increases socio-political instability. The latter, by creating uncertainty in the politico-economic environment, reduces investment. As a...

Persistent link: https://www.econbiz.de/10012474459

Political Instability and Economic Growth

Alesina, Alberto - 1992

This paper investigates the relationship between political instability and per capita GDP growth in a sample of 113 countries for the period 1950-1982. We define ?political instability? as the propensity of a government collapse, and we estimate a model in which political instability and...

Persistent link: https://www.econbiz.de/10012474795

The Political Economy of Ideas : On Ideas Versus Interests in Policymaking

Mukand, Sharun - 2018

-Becker (interests only) approach to political economy. We distinguish between two kinds of ideational politics - the battle among … different worldviews on the efficacy of policy (worldview politics) versus the politics of victimhood, pride and identity … (identity politics). Political entrepreneurs discover identity and policy 'memes' (narratives, cues, framing) that shift beliefs …

Persistent link: https://www.econbiz.de/10012453247

A Simple Planning Problem for COVID-19 Lockdown

Alvarez, Fernando - 2020

We study the optimal lockdown policy for a planner who wants to control the fatalities of a pandemic while minimizing the output costs of the lockdown. We use the SIR epidemiology model and a linear economy to formalize the planner's dynamic control problem. The optimal policy depends on the...

Persistent link: https://www.econbiz.de/10012481937

Pandemic Lockdown : The Role of Government Commitment

Moser, Christian A. - 2020

This paper studies optimal lockdown policies in a dynamic economy without government commitment. A lockdown imposes a cap on labor supply, which lowers economic output but improves health prospects. A government would like to commit to limit the extent of future lockdowns in order to increase...

Persistent link: https://www.econbiz.de/10012482019

Efficiency-Morality Trade-Offs in Repugnant Transactions : A Choice Experiment

Elias, Julio J. - 2016

Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors. Preferences were heterogeneous, ranging from...

Persistent link: https://www.econbiz.de/10012456048