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Fehr, Kirchsteiger and Riedl [12] experimentally test a labor market in which worker effort levels are chosen after wages are set. They observe high wages and effort levels in the repeated game, contrary to the equilibrium prediction. In a similar experimental test of lemons markets, Lynch...
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Theory: Contemporary theories of presidential election outcomes, especially the economic voting and spatial issue voting models, are used to examine voter choice in the 1996 presidential election. Hypotheses: First, we look at the effects of voter perceptions of the national economy onvoter...
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Theory: We argue that support among California voters for Proposition 187 in 1994 was an example of cyclical nativism. This nativism was provoked primarily by California's economic downturn during the early 1990s. Hypotheses: We develop four specific hypotheses to explain how poor economic...
Persistent link: https://www.econbiz.de/10005654724