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Ossokina, Ioulia V.; Swank, Otto - 2001

In the literature on electoral politics full convergence of policy platforms is usually regarded as socially optimal. Thereason is that risk-averse voters prefer a sure middle-of-the-road policy to a lottery of two extremes with the sameexpectation. In this paper we study the normative...

Persistent link: https://www.econbiz.de/10010324797

Do Elections lead to Informed Public Decisions?

Swank, Otto H.; Visser, Bauke - 2003

and implement public policies, we show that examination takes place in spite of, rather than thanks to, elections …. Elections are needed as a carrot and a stick to motivate politicians, yet politicians who are overly interested in re …

Persistent link: https://www.econbiz.de/10010324884

How Polarization and Political Instability affect Learning through Experimentation

Ossokina, Ioulia V.; Swank, Otto H. - 2001

elections (exogenous elections) andthe decision is salient and the election outcome depends on it (endogenous elections).We show …. Furthermore, in contrast to the existing literature, wedemonstrate that, when elections are exogenous, polarization between … political parties does not always decreaseactive learning. In the case with endogenous elections we find that electoral concerns …

Persistent link: https://www.econbiz.de/10010325052

Voting from abroad: Assessing the impact of local turnout on migrants' voting behavior

Dev, Divya; Poblete-Cazenave, Rubén; Toppeta, Alessandro - 2021

Over 150 countries allow expatriate citizens to vote in their country of origin. Yet, little is known about their voting behavior and how this is affected by host countries. Using unique micro-data on Chilean expatriates living in Europe, we study how the host country's turnout affects...

Persistent link: https://www.econbiz.de/10012797245

Reputation Shocks and Strategic Responses in Electoral Campaigns

Poblete Cazenave, Rubén - 2021

the release of information? Using Brazilian elections and audits as an exogenous source of information, I show that both … competitiveness of elections and, therefore, candidates' spending. Only information disclosed prior to electoral campaigns impacts …

Persistent link: https://www.econbiz.de/10012606015

Advance Information and Consumption Insurance: Evidence from Panel Data

Pedroni, Marcelo; Singh, Swapnil; Stoltenberg, Christian - 2022

We investigate whether US households possess advance information about their future income and what this means for consumption insurance. Based on insights from a theoretical model, we propose a new test to detect advance information, which requires only panel data on consumption and income....

Persistent link: https://www.econbiz.de/10013356488

Housing returns and intertemporal substitution in consumption: estimates for industrial economies

Pozzi, Lorenzo - 2022

This paper uses housing returns to estimate the elasticity of intertemporal substitution (EIS) in consumption for fifteen advanced economies over the postwar period 1950-2015. As housing is the main asset for the majority of households, returns on housing are better suited to estimate the EIS...

Persistent link: https://www.econbiz.de/10013356500

Nearly Unbiased Estimation in Dynamic Panel Data Models with Exogenous Variables

Carree, Martin A. - 2002

This paper introduces a new estimator for the fixed effects dynamic panel data model withexogenous variables. This estimator does not share some of the drawbacks of recently developed IVand GMM estimators and has a good performance even in small samples. The nearly unbiased estimatoris derived...

Persistent link: https://www.econbiz.de/10010324980

The Importance of Accounting for Time Trends when Estimating the Euro Effect on Trade

Bun, Maurice J.G.; Klaassen, Franc J.G.M. - 2003

To study the effect of the euro on international goods trade one typically estimates a panel model for the level of trade. Trade levels increase over time, and we show that this is not fully explained by the included regressors. Because the euro is only present at the end of the sample, this may...

Persistent link: https://www.econbiz.de/10010324985

Combining Panel Data Sets with Attrition and Refreshment Samples

Hirano, Keisuke; Imbens, Guido W.; Ridder, Geert; … - 1998

With panel data important issues can be resolved that can not beaddressed with cross--sectional data. A major drawback is that paneldata suffer from more severe missing data problems. Adding a sampleconsisting of new units randomly drawn from the original populationas replacements for units who...

Persistent link: https://www.econbiz.de/10010325629