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through alternative decision-making institutions: Both majority rule and exogenous tax rules can improve efficiency. … decreasing efficiency, which becomes more severe as the centralized budget increases. We also analyze partial ex-ante commitment …
Persistent link: https://www.econbiz.de/10013370100
Global warming caused by accumulation of emissions of greenhouse gases (GHGs) is a public bad, addressing which requires collective action by all the countries of the world. Under the United Nations Convention on Climate Change (UNFCCC), most countries have negotiated the Kyoto Protocol for GHG...
Persistent link: https://www.econbiz.de/10011807664
by local vulnerability, instead of political connection and governmental efficiency. …
Persistent link: https://www.econbiz.de/10010892148
We investigate the effects of an institutional mechanism that incentivizes taxpayers to blow the whistle on collusive corruption and tax compliance. We explore this through a formal leniency program. In our experiment, we nest collusive corruption within a tax evasion framework. We not only...
Persistent link: https://www.econbiz.de/10011969206
efficiency of human interactions has proven to be difficult. We show experimentally and theoretically that trust indeed has a …
Persistent link: https://www.econbiz.de/10011969215
To what extent do imposed institutions shape preferences? We consider this issue by comparing the market … incentives. We conclude that, in some important relevant dimensions, institutional imposition (which lasted for about 50 years …
Persistent link: https://www.econbiz.de/10010278291
Under weak contract enforcement the trading parties' trust, defined as their belief in other's trustworthiness, appears important for realizing gains from trade. In contrast, under strong contract enforcement beliefs about other's trustworthiness appear less important, suggesting that trust and...
Persistent link: https://www.econbiz.de/10012420691
This paper studies whether institutions matter for economic performance. For this aim, we first construct a simple … framework illustrating how to examine the interaction between institutions and economic performance from a different point of … interaction between institutions and economic performance in Turkey. Co-integration analysis finds a long-run relationship between …
Persistent link: https://www.econbiz.de/10011696307
Under weak contract enforcement the trading parties' trust, defined as their belief in other's trustworthiness, appears important for realizing gains from trade. In contrast, under strong contract enforcement beliefs about other's trustworthiness appear less important, suggesting that trust and...
Persistent link: https://www.econbiz.de/10012513587
We conduct a contest experiment to study if spread seeking and effort can be managed in a situation where participants can invest in increasing both the mean and the spread of an uncertain performance variable. Subjects are treated with different prize schemes and in accordance with theory, we...
Persistent link: https://www.econbiz.de/10013208780