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The modern Condorcet jury theorem states that under weak conditions, when voters have common interests, elections will aggregate information when the population is large, in any equilibrium. Here, we study the performance of large elections with population uncertainty. We find that the modern...
Persistent link: https://www.econbiz.de/10013189048
The modern Condorcet jury theorem states that under weak conditions, when voters have common interests, elections will aggregate information when the population is large, in any equilibrium. Here, we study the performance of large elections with population uncertainty. We find that the modern...
Persistent link: https://www.econbiz.de/10012806603
Persistent link: https://www.econbiz.de/10010371843
Persistent link: https://www.econbiz.de/10009505577
In this paper we study the effect of optimistic income expectations on life satisfaction amongst the Chinese population … strong in the countryside and amongst rural-to-urban migrants. The importance of these expectations for life satisfaction is … particularly pronounced in the urban areas, though also highly significant for the rural area. If expectations were to reverse from …
Persistent link: https://www.econbiz.de/10010597452
Die Grundannahmen und Theorien der Ökonomie seit Adam Smith und Karl Marx scheinen heutzutage (mehr als) überholt. Dieses Buch eröffnet Lesenden eine neue, ganzheitliche Perspektive auf ökonomische, soziale und politische Fragestellungen. Mit Hilfe eines verhaltenstheoretischen Ansatzes und...
Persistent link: https://www.econbiz.de/10012402669
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This paper develops a political economy model of multiple unemployment equilibria to provide a theory of an endogenous natural rate of unemployment. This model is applied to the UK and the US interwar period which is remembered as the decade of mass unemployment. The theory here sees the natural...
Persistent link: https://www.econbiz.de/10005791549
This study explores the impact of societal trust on the economic behavior of nonprofit organizations. Although prior studies reveal that trust has a positive impact on the economic behavior of for-profit firms, the institutional differences between the two organization types make it unclear...
Persistent link: https://www.econbiz.de/10012935971