Showing 1 - 10 of 564
This paper analyzes the role of narrowly selfish and other-regarding preferences for the median voter in a Meltzer-Richard (1981) framework. We use computerized and real human co-players to distinguish between these sets of motivations. Redistribution to real co-players has a negative effect on...
Persistent link: https://www.econbiz.de/10009407744
Public choice theory has originally been motivated by the need to correct the asymmetry, widespread in traditional welfare economics, between the motivational assumptions of market participants and policymakers: Those who played the game of politics should also be considered rational and...
Persistent link: https://www.econbiz.de/10010238281
Recent experimental research has shown that a policy put in place endogenously (i.e., through their votes) can be more effective at inducing cooperation in dilemma situations. This paper shows that a similar result holds when a mild sanction is implemented in a voluntary contribution dilemma....
Persistent link: https://www.econbiz.de/10013038282
This paper studies a principal-agent model of the relationship between an incumbent officeholder and the electorate, where the officeholder is initially uninformed about her ability. If officeholder effort and ability interact in the production function that determines performance in office,...
Persistent link: https://www.econbiz.de/10012783048
We develop a model of strategic information transmission from an outside expert with informational superiority to a group of people who make a decision by voting on a proposal. An outside expert who observes the qualities of a proposal sends a cheap talk message to decision makers with limited...
Persistent link: https://www.econbiz.de/10012953021
We develop a model of strategic information transmission from an expert with informational superiority to decision makers who vote on a proposal. We show that an expert's simple cheap talk strategy can be surprisingly effective in persuading decision makers by polarizing or unifying their...
Persistent link: https://www.econbiz.de/10012901595
This paper analyzes a non-smooth model of probabilistic voting with two parties and a broad family of other-regarding behavior, including fairness and quasi-maximin preferences, income-dependent altruism, and inequity aversion. The paper provides conditions for equilibrium existence and...
Persistent link: https://www.econbiz.de/10012852693
In this paper, we address empirically the trade-offs involved in choosing between bureaucrats and politicians. In order to do this, we need to map institutions of selection and retention of public officials to the type of public officials they induce. We do this by specifying a collective...
Persistent link: https://www.econbiz.de/10014194725
This paper analyzes tax competition theory in an experimental setting. Economically trained students act as government and must select a labor and a capital tax rate to fund a public good, both in closed and open economy settings. Several results emerge: i) There is only weak evidence that...
Persistent link: https://www.econbiz.de/10010270194
The literature on school choice assumes that families can submit a preference list over all the schools they want to be assigned to. However, in many real-life instances families are only allowed to submit a list containing a limited number of schools. Subjects' incentives are drastically...
Persistent link: https://www.econbiz.de/10010279488