Showing 1 - 10 of 917
Economists have long argued over the political economy of tradable emission permits, especially the political pressure of lobby groups on international environmental agreements. However, little attention has been paid to the effects of cross-national lobbying on this market. Here, we examine how...
Persistent link: https://www.econbiz.de/10012854813
The selection of political representatives depends on the political system. Principals, such as voters or districts, may benefit by strategically electing representatives different from themselves. While a status-quo biased delegate may be a better negotiator, an enthusiastic representative has...
Persistent link: https://www.econbiz.de/10014224332
We study a design problem for an effort-maximizing principal in a two-player contest with two dimensions of asymmetry. Players have different skill levels and an information gap exists, as only one player knows the skill difference. The principal has two policy instruments to redress the lack of...
Persistent link: https://www.econbiz.de/10012840836
This paper examines whether an institution has a differing impa ct on cooperation if it is introduced by a representative of the affected partie s rather than exogenously imposed. The experimental design is able to control for selec tion effects arising from the democratic policy choice. I find...
Persistent link: https://www.econbiz.de/10011741653
I investigate if, how, and why the effect of a contribution rule in a public goods game depends on how it is implemented: endogenously chosen or externally imposed. The rule prescribes full contributions to the public good backed by a nondeterrent sanction for those who do not comply. My...
Persistent link: https://www.econbiz.de/10011735311
The paper explores how elites can develop capacity for collective agency through coordination. Elites' challenge is to simultaneously deter the state from abusing power while at the same time relying on it to discipline defectors in their midst. The basic insight holds that the credibility of...
Persistent link: https://www.econbiz.de/10011967393
This paper shows that peer pressure may lead to dynamic convergence to a norm that is skewed with respect to preferences in society, yet is endogenously upheld by the population. Moreover, a skewed norm will often be more sustainable than a representative norm. This may explain the skewness of...
Persistent link: https://www.econbiz.de/10010374440
In this paper we provide a political game where agents decide whether to become legislators or politicians. Legislators determine the political institutions constraining politicians' behavior and politicians compete for gaining the power to make decisions about the level of the public good. We...
Persistent link: https://www.econbiz.de/10010343846
This paper reports the results of a public good experiment with voting. The standard game in which subjects decide simultaneously on their contributions to a public good is extended by a second stage. In this stage, subjects can express agreement or disagreement with the contributions of their...
Persistent link: https://www.econbiz.de/10013017455
This paper considers an economy with a public good where a decision must be made both about the level of the public good and the taxation imposed on each citizen (multidimensional policy space). In this context, we derive two interesting results: i) we show that a Nash equilibrium exists under...
Persistent link: https://www.econbiz.de/10014216274