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Recent studies in psychology and neuroscience find that fictional works exert strong influence on readers and shape their opinions and worldviews. We study the Potterian economy, which we compare to economic models, to assess how Harry Potter books affect economic literacy. We find that some...
Persistent link: https://www.econbiz.de/10011588398
Recent studies in psychology and neuroscience find that fictional works exert strong influence on readers and shape their opinions and worldviews. We study the Potterian economy, which we compare to economic models, to assess how Harry Potter books affect economic literacy. We find that some...
Persistent link: https://www.econbiz.de/10011590696
This paper presents a tractable and parsimonious theory of political revolutions in societies devoid of democratic processes. I frame a society constituting a ruler seeking to prevent uprising and a revolutionary leader attempting to induce revolt. Both seek to appeal to a populace consisting of...
Persistent link: https://www.econbiz.de/10012847757
This paper studies how former interest groups’ employees turned politicians (who we label as lobbyist legislators) influence the voting behavior of their colleague legislators. Using the alphabetic allocation of seats in the European Parliament and detailed individual résumé information, we...
Persistent link: https://www.econbiz.de/10013242432
This paper presents ‘crypto public choice’ which examines the economics of collective decision making in the functioning of blockchain protocols and among related communities of users. We introduce the blockchain community to public choice theory and show how it can be applied to the study...
Persistent link: https://www.econbiz.de/10014033480
The claim that "skilled immigration is welcome" is often associated to the increasing adoption of selective immigration policies. I study the voting over differentiated immigration policies in a two-country, three-factor one-period model where there exist skilled and unskilled workers, migration...
Persistent link: https://www.econbiz.de/10011523592
This paper reports results from a laboratory experiment studying the role of asymmetries, both in payoffs and recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the equilibrium predictions. The main deviations from...
Persistent link: https://www.econbiz.de/10010532580
Utilitarian voting (UV) is defined in this paper as any voting rule that allows the voter to rank all of the alternatives by means of the scores permitted under a given voting scale. Specific UV rules that have been proposed are approval voting, allowing the scores 0, 1; range voting, allowing...
Persistent link: https://www.econbiz.de/10010440432
The paper elaborates the idea that voting is an instance of the aggregation of judgments, this being a more general concept than the aggregation of preferences. To aggregate judgments one must first measure them. I show that such aggregation has been unproblematic whenever it has been based on...
Persistent link: https://www.econbiz.de/10010440448
The paper challenges the "orthodox doctrine" of collective choice theory according to which Arrow's "general possibility theorem" precludes rational decision procedures generally and implies that in particular all voting procedures must be flawed. I point out that all voting procedures are...
Persistent link: https://www.econbiz.de/10010440457