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Regulation As Delegation
Bar-Gill, Oren - 2015
In diverse areas – from retirement savings, to fuel economy, to prescription drugs, to consumer credit, to food and beverage consumption – government makes personal decisions for us or helps us make what it sees as better decisions. In other words, government serves as our agent. Understood...
Persistent link: https://www.econbiz.de/10013027459
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Problem of Legitimacy of a Government in a 2-Party Plurality Rule
Banerjee, Taposik - 2021
Under the plurality voting rule we often see that a party forms the government by winning majority of the seats, without winning majority of the votes. In some situations a smaller party with lower vote share may win more seats than a party with larger vote share. A more problematic case is when...
Persistent link: https://www.econbiz.de/10013309863
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Politicians' social welfare criteria : an experiment with German legislators
Ambuehl, Sandro; Blesse, Sebastian; Doerrenberg, Philipp; … - 2023
Much economic analysis derives policy recommendations based on social welfare criteria intended to model the preferences of a policy maker. Yet, little is known about policy maker's normative views in a way amenable to this use. In a behavioral experiment, we elicit German legislators' social...
Persistent link: https://www.econbiz.de/10014247240
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Behaviorally Efficient Remedies – An Experiment
Engel, Christoph - 2017
Under common law, the standard remedy for breach of contract is expectation damages. Under continental law, the standard is specific performance. The common law solution is ex post efficient. But is it also ex ante efficient? We use experimental methods to test whether knowing that...
Persistent link: https://www.econbiz.de/10012954015
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Social norms and elections: how elected rules can make behavior (in)appropriate
Apffelstaedt, Arno; Freundt, Jana; Oslislo, Christoph - 2021 - This version: 27th February 2021
Can elections change people’s ideas about what is ethically right and what is wrong? A number of recent observations suggest that social norms can change rapidly as a result of election outcomes. We explore this conjecture using a controlled online experiment. In our experiment, participants...
Persistent link: https://www.econbiz.de/10012438455
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Self-confidence and reactions to subjective performance evaluations
Bellemare, Charles; Sebald, Alexander - 2018
Subjective performance evaluations are commonly used to provide feedback and incentives to workers. However, such evaluations can generate significant disagreements and conflicts, the severity of which may be driven by many factors. In this paper we show that a workers' level of self-confidence...
Persistent link: https://www.econbiz.de/10011927889
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Self-confidence and reactions to subjective performance evaluations
Bellemare, Charles; Sebald, Alexander - 2019
Subjective performance evaluations are commonly used to provide feedback and incentives to workers. However, such evaluations can generate significant disagreements and conflicts, the severity of which may be driven by many factors. In this paper we show that a workers' level of self-confidence...
Persistent link: https://www.econbiz.de/10011992961
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Spillovers, Persistence and Learning : Institutions and the Dynamics of Cooperation
Galbiati, Roberto - 2017
We study how cooperation-enforcing institutions dynamically affect values and behavior using a lab experiment designed to create individual specific histories of past institutional exposure. We show that the effect of past institutions is mostly due to “indirect” behavioral spillovers:...
Persistent link: https://www.econbiz.de/10012950895
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The Storrs Lectures : Behavioral Economics and Paternalism
Sunstein, Cass R. - 2017
human errors opens greater space for paternalism. Behavioral market failures, which occur as a result of such errors, are an … objection to paternalism, the strongest objections are welfarist in character. Official action may fail to respect heterogeneity … paternalism have considerable force, but choice architecture, and sometimes a form of paternalism, are inevitable, and to that …
Persistent link: https://www.econbiz.de/10014163269
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Government Policy with Time Inconsistent Voters
Bisin, Alberto; Lizzeri, Alessandro; Yariv, Leeat - 2012
Behavioral economics presents a "paternalistic" rationale for government intervention. Current literature focuses on benevolent government. This paper introduces politicians who may indulge/exploit these behavioral biases. We present an analysis of the novel features that arise when the...
Persistent link: https://www.econbiz.de/10014167235