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Bargaining in the Shadow of Uncertainty
Agranov, Marina; Eraslan, Hülya; Tergiman, Chloe - National Bureau of Economic Research - 2022
We experimentally study unanimity and majority voting rules in multilateral bargaining environments with stochastic … as a result of more egalitarian sharing than predicted by theory, and therefore, lower risk of being excluded from the …
Persistent link: https://www.econbiz.de/10013388790
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The Purpose of Trade Agreements
Grossman, Gene M. - 2016
This paper reviews the literature on governments' motivations for negotiating and joining international trade agreements. I discuss both normative explanations for trade agreements and explanations based on political-economy concerns. Most of the paper focuses on the purpose of multilateral...
Persistent link: https://www.econbiz.de/10012456604
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The Tiebout Hypothesis and Majority Rule : An Empirical Analysis
Epple, Dennis - 1999
The paper provides a comprehensive empirical analysis of majority rule and Tiebout sorting within a system of local jurisdictions. The idea behind the estimation procedure is to investigate whether observed levels of public expenditures satisfy necessary conditions implied by majority rule in a...
Persistent link: https://www.econbiz.de/10012471830
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Voting as a Rational Choice : Why and How People Vote to Improve the Well-Being of Others
Edlin, Aaron - 2007
For voters with "social" preferences, the expected utility of voting is approximately independent of the size of the … rational socially-motivated voting has a feedback mechanism that stabilizes turnout at reasonable levels (e.g., 50% of the …
Persistent link: https://www.econbiz.de/10012465085
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Incumbent Behavior : Vote Seeking, Tax Setting and Yardstick Competition
Besley, Timothy - 1992
This paper presents a theoretical and empirical investigation of tax competition when voters use the tax policy of neighboring jurisdictions as information to evaluate the performance of their incumbent politicians. We show that this has implications both for voter tolerance of high taxes and...
Persistent link: https://www.econbiz.de/10012474939
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Group-based Voting in Multicandidate Elections
Bouton, Laurent - 2017
We study the properties of the group-based model of voting in elections with more than two candidates. We consider two … equilibria under both rules and identify the features of an election that favor different types of voting behavior: either … sincere voting or coordination behind a limited number of candidates. Comparing plurality and majority runoff, we find that …
Persistent link: https://www.econbiz.de/10012453816
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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/10012457961
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Chaos and Unpredictability in Dynamic Social Problems
Battaglini, Marco - National Bureau of Economic Research - 2021
We study a dynamic model of environmental protection in which the level of pollution is a state variable that strategically links policy making periods. Policymakers are forward looking but politically motivated: they have heterogeneous preferences and do not fully internalize the cost of...
Persistent link: https://www.econbiz.de/10012482565
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Fear and Dreams : Understanding the Non-Institutional sources of Leader Strategy
Bautista, María Angélica; Galán Guerrero, Juan Sebastián - National Bureau of Economic Research - 2024
Political leaders make policy choices which are often hard to explain via institutions. We use the behavior of Colombian paramilitary groups as an environment to study non-institutional sources of variation in how public good provision and violence are combined to control populations. We...
Persistent link: https://www.econbiz.de/10015072952
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Any Non-Individualistic Social Welfare Function Violates the Pareto Principle
Kaplow, Louis - 1999
The public at large, many policymakers, and some economists hold views of social welfare that attach some importance to factors other than individuals' utilities. This note shows that any such non-individualistic notion of social welfare conflicts with the Pareto principle
Persistent link: https://www.econbiz.de/10012471750