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Information aggregation in Poisson elections
Ekmekci, Mehmet; Lauermann, Stephan - In: Theoretical Economics 17 (2022) 1, pp. 1-23
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
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Information aggregation in Poisson elections
Ekmekci, Mehmet; Lauermann, Stephan - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 1, pp. 1-23
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
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Are optimistic expectations keeping the Chinese happy?
Frijters, Paul; Liu, Amy Y. C.; Meng, Xin - In: Journal of economic behavior & organization : JEBO 81 (2012) 1, pp. 159-171
Persistent link: https://www.econbiz.de/10009505577
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Are optimistic expectations keeping the Chinese happy?
Frijters, Paul; Liu, Amy Y.C.; Meng, Xin - In: Journal of Economic Behavior & Organization 81 (2012) 1, pp. 159-171
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
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Vicious and Virtuous Circles - The Political Economy of Unemployment in Interwar UK and USA
Matthews, Kent; Minford, Patrick; Naraidoo, Ruthira - C.E.P.R. Discussion Papers - 2008
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
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Understanding the resource curse : a large-scale experiment on corruption in Tanzania
Cappelen, Alexander W.; Fjeldstad, Odd-Helge; Mmari, … - In: Journal of economic behavior & organization : JEBO 183 (2021), pp. 129-157
Persistent link: https://www.econbiz.de/10012599747
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Chapter 4. Through the looking glass: Environmental health economics in low and middle income countries
Pattanayak, Subhrendu K.; Pakhtigian, Emily L.; Litzow, … - In: Handbook of environmental economics : Volume 4, (pp. 143-191). 2018
Human interactions with the environment can profoundly impact many outcomes – health being chief among them. While the nature of environmental risks changes across time and space, the burden of disease attributable to environmental risk hovers stubbornly around one quarter of the total global...
Persistent link: https://www.econbiz.de/10014023887
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Strategic behavior under tradeable driving permits and congestion tolls : a political economy model
De Borger, Bruno L.; Glazer, Amihai; Proost, Stef - In: Journal of urban economics 128 (2022), pp. 1-15
Persistent link: https://www.econbiz.de/10013368811
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Reasonable disagreement : Austrian responses to behavioral economics
Piano, Ennio - In: A research agenda for Austrian economics, (pp. 89-112). 2023
Persistent link: https://www.econbiz.de/10014333720
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A view from behavioral political economy on China's institutional change
Zhang, Yongjing - In: China Economic Review 23 (2012) 4, pp. 991-1002
A behavioral political economy framework is built on the basis of prospect theory to explain the induced and imposed institutional changes during China's market reform, giving special attention to the integrated effects of economic and political institutions. According to prospect theory, how...
Persistent link: https://www.econbiz.de/10011065786