Showing 1 - 10 of 253
majority voting on redistribution? Fairness preferences are relevant for redistribution outcomes only if fair-minded voters are … pivotal. Pivotality, in turn, depends on the structure of income classes. We experimentally study voting on redistribution … to matter if the "rich" are in majority. With a "poor" majority, we find that redistribution outcomes look as if all …
Persistent link: https://www.econbiz.de/10009737527
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taxes on consumers are more salient to consumers than equivalent taxes on sellers because consumers underestimate the extent … of tax shifting in the market. We show that tax salience biases consumers' voting on tax regimes, and that experience is … experience with the tax regimes they are less likely to be biased. -- tax salience ; learning ; deliberation ; voting …
Persistent link: https://www.econbiz.de/10009735333
Persistent link: https://www.econbiz.de/10008657630
fund capture. A model is presented where rich voters can block redistribution by buying the votes of some poor voters. In … equilibrium there is only limited redistribution and income tax rates are a negative function of government corruption. When rich …
Persistent link: https://www.econbiz.de/10009736634
Persistent link: https://www.econbiz.de/10008657575
redistribution. We present results from a large-scale online experiment with more than 4,000 participants. The experiment features a …
Persistent link: https://www.econbiz.de/10012253092
In this paper, we directly test the Modigliani-Miller theorem in the lab. Applying a general equilibrium approach and not allowing for arbitrage among firms with different capital structures, we are able to address this issue without making any assumptions about individuals' risk attitudes and...
Persistent link: https://www.econbiz.de/10009734687
Persistent link: https://www.econbiz.de/10008655975
This paper investigates the implications of different prize structures on effort provision in dynamic (two-stage) elimination contests. Theoretical results show that, for risk-neutral participants, a structure with a single prize for the winner of the contest maximizes total effort, while a...
Persistent link: https://www.econbiz.de/10010260060