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Two common characteristics of populism are anti-elitism and favoring popular will over expertise. The recent successes of populists are often attributed to the common people, the majority of voters, being left behind by mainstream parties. This paper shows that the two characteristics of...
Persistent link: https://www.econbiz.de/10012427155
My dissertation consists of three chapters, all three devoted to incentives in contests and the role of heterogeneity. Chapter 1 characterizes conditions under which introducing multiple prizes in a contest can be used to guarantee efficient incentives for the production of a public good when...
Persistent link: https://www.econbiz.de/10009502158
Property rights are undoubtedly among the most important institutions for economic efficiency. Still, by looking at reality we usually see property rights only imperfectly enforced. In this paper we identify uncertainty faced by an enforcer to be sufficient to explain this observation. This...
Persistent link: https://www.econbiz.de/10009240307
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Under relative performance pay, other-regarding workers internalize the negative externality they impose on other workers. In one form -increased own effort reduces others' payoffs- this results in other-regarding individuals depressing efforts. In another form punishment reduces the payoff of...
Persistent link: https://www.econbiz.de/10010224781
We explore how public opinion polls affect candidates' campaign spending in political competition. Generally, polls lead to (more) asymmetric behavior. Under a majority rule there always exists an equilibrium in which the initially more popular candidate invests more in the campaign and thereby...
Persistent link: https://www.econbiz.de/10010224792
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We study deterrence in sequential move conflicts, modeled as a contest. We bias the model in favor of peace by assuming that under complete information deterrence is achieved and peace prevails. We show that under incomplete information about states' types (resolve) the chances of deterrence...
Persistent link: https://www.econbiz.de/10009791545
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We experimentally study ways in which the social preferences of individuals and groups affect performance when faced with relative incentives. We also identify the mediating role that communication and leadership play in generating these effects. We find other-regarding workers tend to depress...
Persistent link: https://www.econbiz.de/10011543230