This paper tests whether individual perceptions of markets as good or bad for a public good is correlated with the propensity to report gaps in willingness to pay (WTP) and willingness to accept (WTA) revealed within an incentive compatible mechanism. Identifying people based on a notion of...

This paper explores a two-candidate spatial voting model, where one candidate has a valence advantage. Contrary to previous models, we introduce a multiplicative advantage, rather than an additive one. This takes into account the possible interaction between the quality of a candidate and his...

Leading researchers, such as Elster or Hirschman, have put forward the notion of deliberation. They argue of the major importance of deliberation in understanding democracy. However, economic theory doesn't have much to say on deliberation. We argue that this weakness is inherent with the way of...

In this note we prove a McGarvey theorem for the family of Separable Tournaments. This family arises in the analysis of Logrolling and Vote Trading in Committees.

To understand how decisions to invest in stocks are taken, economists need to elicit expectations relative to expected risk-return trade-off. One of the few surveys which have included such questions is the Survey of Economic Expectations in 1999-2001. Using this survey, Dominitz and Manski...

Le 12 octobre 2009 Elinor Ostrom recevait le Prix Nobel d'économie pour sa contribution à l'analyse des biens collectifs. Cet article se propose de dresser un panorama de ses travaux. Nous commencerons par retracer l'itinéraire académique et professionnel d'Ostrom. Dans une deuxième partie,...

Simple exchange experiments have revealed that participants trade their endowment less frequently than standard demand theory would predict. List (2003a) finds that the most experienced dealers acting in a well-functioning market are not subject to this exchange asymmetry, suggesting that a...