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Culture, Institutions and Democratization
Gorodnichenko, Yuriy - 2015
We construct a model of revolution and transition to democracy under individualistic and collectivist cultures. The main result is that, despite facing potentially larger collective action problems, countries with an individualistic culture are more likely to end up adopting democracy earlier...
Persistent link: https://www.econbiz.de/10012457549
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The Shape of Temptation : Implications for the Economic Lives of the Poor
Banerjee, Abhijit - 2010
This paper argues that the relation between temptations and the level of consumption plays a key role in explaining the observed behaviors of the poor. Temptation goods are defined to be the set of goods that generate positive utility for the self that consumes them, but not for any previous...
Persistent link: https://www.econbiz.de/10012462679
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Anger and Regulation
Tella, Rafael Di - 2009
We propose a model where voters experience an emotional cost when they observe a firm that has displayed insufficient concern for other people's welfare (altruism) in the process of making high profits. Even with few truly altruistic firms, an equilibrium may emerge where all firms pretend to be...
Persistent link: https://www.econbiz.de/10012463448
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Behavioral Aspects of Price Setting, and Their Policy Implications
Rotemberg, Julio J. - 2008
This paper starts by discussing consumers' cognitive and emotional reaction to posted prices. Cognitively, some consumers do not appear to make effective use of price information to maximize their consumption-based utility. Emotionally, prices can induce regret and anger among consumers. The...
Persistent link: https://www.econbiz.de/10012464893
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Misconduct in Credence Good Markets
Brown, Jennifer - 2012
We examine misconduct in credence good markets with price taking experts. We propose a market-level model in which price-taking experts extract surplus based on the value of their firm's brand and their own skill. We test the predictions of the model using sales complaint data for exclusive and...
Persistent link: https://www.econbiz.de/10012460054
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Optimal Taxation with Rent-Seeking
Rothschild, Casey - 2011
Recent policy proposals have suggested taxing top incomes at very high rates on the grounds that some or all of the highest wage earners are engaged in socially unproductive or counterproductive activities, such as externality imposing speculation in the financial sector. To address this, we...
Persistent link: https://www.econbiz.de/10012461624
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Modeling Inefficient Institutions
Acemoglu, Daron - 2006
Why do inefficient -- non-growth enhancing -- institutions emerge and persist? This paper develops a simple framework to provide some answers to this question. Political institutions determine the allocation of political power, and economic institutions determine the framework for policy-making...
Persistent link: https://www.econbiz.de/10012466731
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Who is Neoliberal? Durkheimian Individualism and Support for Market Mechanisms
Landier, Augustin; Thesmar, David - National Bureau of Economic Research - 2022
"individualism", the average support for all 4 values, a moral stance orthogonal to the left-right divide. We ground this measure of … individualism in the sociology of Emile Durkheim …
Persistent link: https://www.econbiz.de/10013191037
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Agrarian Origins of Individualism and Collectivism
Fiszbein, Martín; Jung, Yeonha; Vollrath, Dietrich - National Bureau of Economic Research - 2022
We study the influence of agricultural labor intensity on individualism across U.S. counties. To measure historical … standard deviation in labor intensity is associated with a reduction of 0.2-0.4 standard deviations in individualism (as … geographic variation in individualism today …
Persistent link: https://www.econbiz.de/10012814418
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Rugged Individualism and Collective (In)action During the COVID-19 Pandemic
Bazzi, Samuel - 2020
Rugged individualism--the combination of individualism and anti-statism--is a prominent feature of American culture … with deep roots in the country's history of frontier settlement. Today, rugged individualism is more prevalent in counties … with greater total frontier experience (TFE) during the era of westward expansion. While individualism may be conducive to …
Persistent link: https://www.econbiz.de/10012481079