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news substantially reduce their coverage of politics. At the very same time, members of Congress become more likely to …
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In a dynamic model of fiscal policy, social polarization provokes a deficit bias. Policy advisors have recently …
Persistent link: https://www.econbiz.de/10010295863
. In this paper we examine how in a two-party system polarization and political instability affectlearning through …. Furthermore, in contrast to the existing literature, wedemonstrate that, when elections are exogenous, polarization between …
Persistent link: https://www.econbiz.de/10010325052
labor market risk, infuences the degree of polarization in the wealth distribution, as poor agents in particular save more …
Persistent link: https://www.econbiz.de/10010330272
resulting from the competing theories of polarization and diversification of opinions. Our overall findings support a … predominant diversification of opinions effect. When group members share all payoffs equally, this effect overcomes polarization … in 100% of the cases where outstanding individuals are risk averse, while group polarization appears to be more likely …
Persistent link: https://www.econbiz.de/10012230963
while others favor its continuation in stronger form. We offer an explanation of such polarization, based on a natural …
Persistent link: https://www.econbiz.de/10010281383
We examine the two-candidate equilibria of the citizen-candidate model when the implemented policy arises from a compromise between the government and an unelected external power. We show that the equilibria of this model differ significantly from the original: the distance between the...
Persistent link: https://www.econbiz.de/10010283593
institutes, the extent to which intellectual competition between different schools of thought may lead to polarization of views …
Persistent link: https://www.econbiz.de/10010291338