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The option to wait in collective decisions and optimal majority rules
Messner, Matthias; Polborn, Mattias - In: Journal of public economics 96 (2012) 5/6, pp. 524-540
Persistent link: https://www.econbiz.de/10009702526
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Political polarization
Dixit, Avinash K.; Weibull, Jörgen W. - 2007
Failures of government policies often provoke opposite reactions from citizens; some call for a reversal of the policy while others favor its continuation in stronger form. We offer an explanation of such polarization, based on a natural bimodality of preferences in political and economic...
Persistent link: https://www.econbiz.de/10010281383
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Indecision Theory : Quality of Information and Voting Behavior
Ghirardato, Paolo; Katz, Jonathan N. - 2008
In this paper we show how to incorporate quality of information into a model of voting behavior. We do so in the … context of the turnout decision of instrumentally rational voters who differ in their quality of information, which we refer …
Persistent link: https://www.econbiz.de/10014135707
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Political Polarization
Dixit, Avinash; Weibull, Jörgen - Economics Institute for Research (SIR), … - 2006
Failures of government policies often provoke opposite reactions from citizens; some call for a reversal of the policy while others favor its continuation in stronger form. We offer an explanation of such polarization, based on a natural bimodality of preferences in political and economic...
Persistent link: https://www.econbiz.de/10005190909
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Voting Experiments: Measuring Vulnerability of Voting Procedures to Manipulation
Palguta, Ján - In: Czech Economic Review 5 (2011) 3, pp. 324-345
-Satterthwaite’s impossibility theorem about strategic voter‘s complete information about all other voters’ preference profiles. Via a series of … absolute and relative reduction in amount of information. …
Persistent link: https://www.econbiz.de/10010827825
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Are the Dixit-Pindyck and the Arrow-Fisher-Henry-Hanemann Option Values Equivalent?
Aslaksen, Iulie; Synnestvedt, Terje - 2004
assumption that investment does not take place in the first period, neither in the closed-loop nor in the open-loop strategy …, whereas the analysis of the DP option value is based on the assumption that investment in the open-loop strategy takes place …
Persistent link: https://www.econbiz.de/10011968160
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Are the Dixit-Pindyck and the Arrow-Fisher-Henry-Hanemann Option Values Equivalent?
Aslaksen, Iulie; Synnestvedt, Terje - Statistisk Sentralbyrå, Government of Norway - 2004
assumption that investment does not take place in the first period, neither in the closed-loop nor in the open-loop strategy …, whereas the analysis of the DP option value is based on the assumption that investment in the open-loop strategy takes place …
Persistent link: https://www.econbiz.de/10004980616
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Board Bias, Information, and Investment Efficiency
Gregor, Martin; Michaeli, Beatrice - 2022
CEO may need to collect and report investment-relevant information because the project is novel in the sense that it …We study how interest alignment between CEOs and corporate boards affects investment efficiency. The model entails a … CEO who encounters an investment project and decides either or not to present it for approval to a board of directors. The …
Persistent link: https://www.econbiz.de/10013313483
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Tax, Stimuli of Investment and Firm Value
Maoz, Yishay - Volkswirtschaftliche Fakultät, … - 2007
Pennings (2000) has shown that the government can speed-up investment by subsidizing the potential investing firm …'s entry cost while taxing the future proceeds from the investment, so as to render the net expected value of its subsidy … program zero. This note argues that while speeding-up the investment timing, this subsidy-tax program also lowers the value of …
Persistent link: https://www.econbiz.de/10005837091
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More on Bernanke's “Bad News Principle”
Maoz, Yishay D. - EconWPA - 2005
The role that Bernanke’s Bad News Principle plays in the modern theory of investment under uncertainty is analyzed. The … analysis shows that the actual investment dilemma is that by delaying investment firms trade off a higher present value of … earnings for a lower present value of the investment cost, in contrast to previous interpretations of this dilemma. The …
Persistent link: https://www.econbiz.de/10005556573