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identity (reform winner or loser?) more pessimistic about their chances of benefiting from the reform. Consequently, learning … successfully but nevertheless lost public support, and vice versa. We show that learning dynamics can rationalize this apparent … paradox, the reason being that the process of revealing reform outcomes is an example of sampling without replacement: every …
Persistent link: https://www.econbiz.de/10010326523
support nevertheless. We show that learning dynamics can rationalize this paradox, the reason being that the process of … revealing reform outcomes is an example of sampling without replacement. We show that this concept challenges the conventional … wisdom that one should start by revealing reform winners. We use our framework to explain why gradual reforms worked well in …
Persistent link: https://www.econbiz.de/10014170341
support. This paper shows that learning dynamics can rationalize this paradox because the process of revealing reform outcomes … revealing reform winners. It may also lead to situations in which reforms that enjoy both ex ante and ex post majority support … successes in Special Economic Zones facilitated further reform), whereas this was much less the case for Latin American and …
Persistent link: https://www.econbiz.de/10011396254
Persistent link: https://www.econbiz.de/10011450205
support. This paper shows that learning dynamics can rationalize this paradox because the process of revealing reform outcomes … revealing reform winners. It may also lead to situations in which reforms that enjoy both ex ante and ex post majority support … successes in Special Economic Zones facilitated further reform), whereas this was much less the case for Latin American and …
Persistent link: https://www.econbiz.de/10012972970
This short editorial introduces a new temporary section within the journal, on the future of reformed capitalism. Many observers consider economic problems a cause of political malaise. Thence a renewed attention for political economy issues and for political developments and their relationship...
Persistent link: https://www.econbiz.de/10013175086
In this paper, I argue that religion matters for the emergence of democracies and dictatorships. Religion is defined as demand for public goods. Different types of religious collectives reflect different tradeoffs between centralized resource distribution and market rewards. Religions are...
Persistent link: https://www.econbiz.de/10014158043
This paper provides new empirical evidence on policy-makers' voting patterns on interest rates. Applying (pooled) Taylor-type rules and using real-time information available from published inflation reports and voting records, the paper tests for heterogeneity among committee members in three...
Persistent link: https://www.econbiz.de/10009380404
This paper provides new empirical evidence on policy-makers' voting patterns on interest rates. Applying (pooled) Taylor-type rules and using real-time information available from published inflation reports and voting records, the paper tests for heterogeneity among committee members in three...
Persistent link: https://www.econbiz.de/10013120227
Higher education finance depends on the public's preferences for charging tuition, which may be partly based on beliefs about the university earnings premium. To test whether public support for tuition depends on earnings information, we devise survey experiments in representative samples of the...
Persistent link: https://www.econbiz.de/10012518240